The merger of Forbes Fava Financial Planning and Finanalyze Financial Planning that was announced in December 2023 has been completed, systems/processes integrated and the new financial planning organisation is realising many benefits said Senior Financial Planner and CEO Cameron Forbes.
Commenting further Cameron Forbes said the benefits have been immediate with a higher profile and marketing presence as well as increased productivity and access to new business, growth and alliance opportunities.
Craig Saville, who will continue with the firm as a senior planner, said “All clients of the new practice have been the first to benefit with access to a broader team of financial advice professionals and range of specialist financial services”.
Cameron Forbes added, “Most importantly, our commitment to a boutique personalised approach to the provision of professional financial advice, service and support delivered a local and accessible level has been strengthened as we now have a presence in both Geelong and Melbourne.”
Forbes confirmed that the merger and higher profile / presence has been the catalyst for a steady stream of alliance and succession planning enquiries (from experienced business owners) and financial planners expressing interest in potential business / growth opportunities.
“This is understandable considering the ongoing industry changes and the benefits of Forbes Fava Saville Financial Planning’s industry knowledge, structure, administrative framework, flexibility and scale”, said Senior Financial Planner Michael Fava, who merged his operation with the organisation back in 2021.
However, a key commitment of Forbes Fava Saville is to manage growth carefully in order to continue being an intimate organisation that delivers personalised professional financial advice, service and support on a personal and local level.
“We are not obsessed with growth for growths sake!” affirmed Cameron Forbes.
Cameron Forbes and fellow Senior Financial Planners Michael Fava and Craig Saville also confirmed that the depth and wealth of knowledge, experience and expertise contained within the financial planning team will be utilised to support and mentor new members that join the group who are looking for a career as financial advisers.
With respect to the future, Cameron Forbes is adamant that the need for growth via alliances and recruitment of financial planners is an imperative in order to have scale and associated resources to implement technological advances, administrative processes, compliance requirements, and training programs to continually upskill their advisers and staff.
JVs and alliances with professional advisory businesses is a key area of interest for Forbes Fava Saville and Cameron Forbes is confident that the group’s higher presence and profile will attract these businesses in the future.
“I firmly believe that partnering via JVs or alliances with accounting groups, legal firms, finance providers and fellow financial planning practices will be a significant growth opportunity with the benefits measured in a more comprehensive range of services for clients”, said Cameron Forbes.
Looking to the future, Cameron Forbes is confident the Forbes Fava Saville growth trajectory will be positive with the group and its network of financial planning practitioners going from strength to strength on the growing demand for professional financial advice, services and support.