Planner Pulse 034: Michael Rees-Evans — Starting an independent financial planning practice

In this episode, I’m 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.

Listen and learn

In this episode, we talk about:

  • How Michael has used strong connections with an accounting business to help attract clients right from the get-go

  • Why being independent is important to him and his clients (and 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

My reason for getting into business was to make a difference.
— Michael Rees-Evans