Australian Unity chief executive Steve Davis said he expects more advisers will join Australian Unity Personal Financial Services over the next few years.
“Although we expect to continue to grow strongly, the fact we have a high touch, full service model with a focus on helping our advisers grow their practice means we do not want to take on too many advisers,” said Mr Davis.
“That is why over the last 12 months we have turned away a number of prospective advisers and also assisted some of our existing advisers and practices to find alternative licensee options,” he added.
Mr Davis said the increase in practices is due to the Accountants Partnership program, which has relationships with over 300 accounting firms.
“Australian Unity appeals to accountants because we give them a choice of providing financial services in-house under their own authorisation, or through referral to an Australian Unity Personal Financial Services specialist,” said Mr Davis.
Australian Unity has 77 planning practices, 122 advisers and 22 mortgage brokers operating across mainland Australia states and the ACT.
