AMP Advice is pleased to announce the official launch of Hatch Financial Group, an aligned advice practice in Western Australia.
Led by Nick Hatch, an experienced adviser who has been with AMP for almost 20 years, Hatch Financial Group provides strategic advice to young professionals and small business owners, as well as retirees and pre-retirees across Perth and regional WA.
Practice principal and founder Nick Hatch started his career as a co-owner of All West Financial Group licensed by Charter, a division of AMP Financial Planning, where he specialised in retirement advice.
He ran the business with his partner Martin Welsh for 16 years before it was acquired by Sage Financial Group in 2021.
Hatch decided to take the next step in his professional journey and establish his own practice under the AMP Advice network, which offers him the autonomy and flexibility to run his business as he sees fit, while still benefiting from the support and guidance of a large and reputable licensee.
He enjoys helping his clients achieve their financial goals and providing them with ongoing support throughout their life stages.
“Providing opportunities to more Australians and presenting options to put them in a better financial position is really what we're doing,” Hatch said.
“Being able to continue looking after that relationship and being able to effectively hold their hand through retirement is really what is valued by your clients.”
The ability to run his own practice while still benefiting from the support and guidance of a larger licensee was one of the key reasons Hatch set up its own business and joined AMP Advice.
“I’ve been with Charter for many years and I wanted to continue on with that relationship. It's been a mutually beneficial relationship over the years and that sort of continuity was important for me,” Hatch said.
Autonomy with dedicated ongoing support
Equally important was the opportunity to be able to run his own business through a flexible business model and have a more diverse business offering, a trend which is becoming more common with smaller advice practices in Australia.
According to Adviser Ratings, small practices of one to 10 advisers have seen a 17 per cent rise since 2018, with a growing number of advisers preferring to start their own practice or join a micro-AFSL1
“For me, it was that having the autonomy here again to be able to run my own business, being in control of what I was doing was really appealing to me. And also, remaining in Charter was a big thing for me,” Hatch said.
“AMP Advice have got a strong compliance program and I've got some strong relationships there with the management. It’s always really important to understand who the people are you are dealing with. They really delivered on what they said they were going to do, which was a key aspect. And it's been great.”
Matt Lawler, AMP Group Executive, Advice said:
“We’re thrilled to be welcoming Hatch Financial Group to our network as we continue to focus on growth and building out our licensee offer for more advice practices across Australia.”
“As the operator of one of Australia’s largest licensee networks, we understand what advice practices are looking for to operate profitably and compliantly under a corporate license.”
“AMP is the right partner to help more practices large and small across Australia to achieve their goals – whether it’s growth or the ability to operate autonomously while continuing to benefit from the advantages of being part of a larger licensee.”
“We also understand many advisers are looking to run their practice under their own license so we’ve packaged our services and capability into Jigsaw Advice Solutions, which we’re confident will benefit the growing number of self-licensed financial advisers.”
“Nick has been providing financial advice and support to his Perth client community for almost 20 years and the establishment of Hatch Financial Group in WA is an exciting step forward for his advice business.”
“We wish Nick and his team every success for the future and we look forward to supporting him in business.”
[1] Source: Adviser Ratings. A spotlight on Australia’s average financial adviser: Adviser Ratings | Adviser Ratings
