PP 034: ADVISER PROFILE – Michael Rees-Evans – Starting an independent financial planning practice

Michael Rees-Evans.jpg

In this episode, we’re joined by Michael Rees-Evans from Libertas Wealth, which is a small financial planning practice in Sydney, that’s independent in the true legal sense of the word.

That means no commissions, no asset-based fees, and no ownership links with product manufacturers. There are very few – less than 100 – of those advisers in Australia.

Michael has a pretty interesting background. He trained as an accountant, and had a career in management consulting before moving into financial services and financial planning.

Michael will be part of a panel at the IFAAA Symposium on 30 October 2015 in Melbourne. It will be a small group of advisers which makes it a pretty awesome opportunity to talk to people that are doing things differently – whether you are independent or not. 
If you’re interested in learning more about it, head on over to IFAAA.com.au and check it out. You don’t have to be a member to attend.

Listen and learn

In this episode, we talk about:

  • How Michael has used a strong connection with an accounting business to help attract clients right from the get-go
  • Why being independent is important to him and his clients (and yes, independence is also a big selling point)
  • What successes Michael's achieved for both his clients and his business
  • What challenges Michael's had around capital, hiring and managing outsourcing providers