FYG Planners are pleased to announce Covenant Wealth have joined our financial services licensee.
Covenant Wealth are a privately owned financial planning practice operated by Tudor Cosma in Southbank, Melbourne.
Tudor has a Bachelor of Business (Financial Planning) from RMIT, holds a CFP® designation and after working for a larger advisory group decided it was time to strike out on his own.
“I founded Covenant Wealth because it was important to me to have my values reflected in my work.” Mr Cosma said upon appointment.
“The Covenant Wealth decision-making framework results in advice that is rooted in the client’s values which gives clients the highest probability of achieving their goals. Making decisions based on one’s values is not only advice that’s good for my clients; it’s also useful for me, so I took my advice.”
Tudor noted the changing AFSL landscape and what needed to be factored in when looking for a licensee.
“Choosing the right support and licensing partner is not easy at the best of times given the lack of transparency and information asymmetry a firm must deal with to make this decision. Mr Cosma said.
“Add to that challenge the pace of change and regulatory shifting sands faced by advice practices today, and you quickly realise that you must have a strong constitution to venture out in what appears to be a perfect storm for financial advice firms.”
After consultation with FYG Planners there was more clarity around the final decision.
“After spending an hour on the phone with Peter Mancell at FYG Planners, my decision became easy because the values on which Covenant Wealth was built on align very well with FYG Planners.” Mr Cosma added.
“After thorough due diligence on both sides, we are pleased with our decision to partner with FYG Planners.”
FYG Planners Managing Director Peter Mancell was pleased Covenant Wealth elected to join FYG.
“Tudor and Covenant Wealth share the same values as all the advisers across the FYG group, it didn’t take long to figure out Tudor was aligned with our philosophy.” Mr Mancell said.
“Tudor has a strong commitment to client first advice and we’re excited to support the growth of his advisory business.”
Investors looking for high quality advice can find Tudor at Covenant Wealth.
