Leading local financial planning firm, Hunter Financial, has formed a partnership agreement with newly-established Countplus subsidiary Advice389.

The deal sees Advice389 take a 40 per cent stake in Hunter Financial.

Hunter Financial director and CEO, Brian Kennaugh, said the partnership will benefit the firm’s clients and the Hunter Financial team, long term, by allowing it access to capital as well as high calibre business advice.

Brian said the shared equity model allows Hunter Financial to stay independent and autonomous, while having the help and support of a major, listed partner.

“First and foremost, the support we receive from Advice389 will enable us to continue to act in the best interests of our clients by providing outstanding professional advice,” Brian said.

Advice389 CEO, Pierre Kraft, said that his team had evaluated a number of firms but it soon became clear that Hunter Financial would make the ideal foundation partner.

“Hunter Financial is a highly-regarded market leader with an unparalleled reputation for providing clients with high-quality, professional financial advice,” Pierre said.

Advice389 is a financial advice firm established to help financial planning firms to grow and succeed. It is a wholly owned subsidiary of the national professional services network firm Countplus Limited.

Hunter Financial is a diverse financial planning company that has been operating for 12 years. Directors Brian Kennaugh and Philip Smith have almost 30 years of experience between them. They lead a team of 14 from offices at Belmont Central.

Image | Philip Smith, Pierre Kraft and Brian Kennaugh