Genesys advisers head to Magnitude

Over 20 advisers previously authorised under AMP’s Genesys Wealth Advisers recently switched to BT’s Magnitude dealer group, rejecting the offer of ‘three times margin payment’ offered by AMP if they stayed in the network. 

Significant advisory practices formerly authorised to Genesys are now shifting licensee, including South Australia’s Halpin Financial Services and their eight advisers. Zest Wealth has also made the shift, taking another eight advisers with it, Wealth Plus Solutions and its five advisers, Tag Financial and one adviser, and Verante Financial Planning and one adviser.