New South Wales-based practice Warren Saunders Life and Superannuation has become the eighth firm to leave Genesys Wealth Advisers for Fortnum Financial Advisers since March this year.
The firm, which is the 10th practice to join Fortnum since it began hiring, is located in Hurstville and comprises three advisers.
Warren Saunders Life and Superannuation director Murray Bennett said while he had a good association with Genesys over their 15-year relationship, he was not happy with the direction the business was going.
"By joining Fortnum, we see an opportunity to get back with a smaller group that will provide more personalised treatment," Bennett said.
"We also have a long association with Fortnum executive director Ray Miles and other firms formerly with the Associated Planners dealer group that have left Genesys for Fortnum."
Murray said his firm specialised in corporate super and risk insurance and had recently started to branch into financial planning.
In March this year, Fortnum announced that ING Australia would provide 20 per cent of the capital needed to fund Fortnum, with RI Advice Group to provide Fortnum with core dealer services.
