H&R Block adds another string to its bow with financial services partnership

By Sarah Stowe | 06 Apr 2020 View comments

H&R Block is widening its sphere of services, adding financial advice to its portfolio in a partnership with Fiduciary Financial Services.

The new set-up means the tax franchise chain will refer clients and participating franchisees and Fiduciary Financial Services will offer tailored financial planning solutions.

Clients will be able to access services online, by phone or if need be, in a face-to-face meeting.

Brodie Dixon, managing director at H&R Block Australia, said the new advice model is launching at an important time.

“Businesses and individuals are facing unprecedented challenges and financial uncertainty in a COVID-19-impacted market which is changing daily.

“We want to ensure our tax experience is the best it can be, and now with Fiduciary Financial Services we can offer an added financial service to our new and existing clientele and franchisees,” he said.

H&R Block will start to engage agents over the coming months and begin training office associates on the new partnership model.

“We look forward to this great new opportunity to help our clients, across the country, manage their financial affairs and get the best possible combination of tax and financial advice amidst these difficult times” said Dixon.

H&R Block adds financial services

George Haramis, CEO at Fiduciary Financial Services says: “Fiduciary is delighted to partner with H&R Block in our mission to redefine financial advice for all Australians.

“Via industry leading ‘digital-human’ technology, we are uniquely positioned to provide single topic advice, and a compliant plan, for an average fee of less than $300 – thousands of dollars below the industry average.

“We believe this is a game changer, not only for the financial advice industry, but for the clients of H&R Block who will gain access to affordable advice on: superannuation, insurance, lending, investments and retirement planning.”

Haramis said additional services including wellness, estate planning and aged care will launch in mid-2020.