An Independent AFSL launch makes Money Management
Money Management covered the public launch of An Independent AFSL, the third licence operated alongside Cobalt Advisers and Beryllium Advisers. Managing director and responsible manager Conaill Keniry explained why section 923A means the "independent" status has to apply across an entire licence rather than adviser-by-adviser, and named Adelaide's Lucian Russ (Emu Wealth) as the first authorised representative onboarded. At launch the group reported 67 advisers across its licences.
An Independent AFSL has been featured in Money Management, which covered the public launch of the group's newest licence.
The article reports on the arrival of An Independent AFSL as the third licence operating alongside Cobalt Advisers and Beryllium Advisers, and looks at why it's structured the way it is. Managing director and responsible manager Conaill Keniry set out the core idea: because of the way the law treats the term, genuine independence has to apply across an entire licence rather than being claimed adviser by adviser — so the whole licence is built to exclude conflicted remuneration.
The piece also notes the group's first independent authorised representative, Adelaide-based Lucian Russ of Emu Wealth, and reports strong early interest from advisers across the profession.