Dixon Advisory had not experienced any further financial planner exits from its advice network since the round of departures last month, the company's managing director said yesterday.
"There hasn't been any other departures, so really we're just continuing with each of the different divisions and their key area of focus," Dixon Advisory managing director and chief operating officer Chris Brown told InvestorDaily.
On Monday, Brown declined to comment on the total number of advisers who had exited, but said in terms of the size of the company "it wasn't many".
He said the company now planned to increase staff numbers through graduate recruitment and internships.
"We're big believers of graduate recruitment and internship and organic staff growth in terms of promotion to adviser level when people have the required skills and capabilities, knowledge and expertise," he said.
"In certain teams there may be a more selective hire, but typically we try to recruit and promote internally based on training and capabilities.
"Every year we've recruited a fair amount of people. Obviously there is a lot happening within the industry, which will be interesting to see how it pans out, but we would still expect to be net hirers over the next 12 months, that's for sure."
Dixon also planned to focus on client tax returns, the launch of its new investment fund for emerging markets and developing IT solutions, he said.
"[Our focus] is kind of spread out. Obviously investment opportunities and investment returns are pretty critical, but we're also doing a lot internally to try and continue to improve efficiencies in terms of services that we provide our clients. We're pretty excited about where we are heading," he said.
In July, Dixon Advisory cited an increase of demand for the investment side of its business as the reason for the adviser exits.
Clients now wanted to spend more time talking about their investments and understanding their portfolio, Brown said at the time.
As well as losing advisers, Dixon Advisory also shut its office in Bondi Junction in Sydney.
Brown said since the company secured another floor at its head office in Sydney, the smaller Bondi Junction office space was no longer needed.
