Tim browne has been the General Manager of Financial Wisdom Ltd since March 2007 and is responsible for its ongoing operations and the development and execution of its strategic plan. Tim has more than 13 years experience in financial services. Most recently he was the Managing Director and part owner of Haintz Financial Services (HFS). Previously Tim was the Victorian State Manager for the MLC. In this role he was responsible for MLC Financial Planning, Garvan, Apogee and GPL. Tim spent six years as a Business Development Manager. In 2003 he was recognised as Australia's "Business Development Manager of the Year". Tim has also spent two years working in Europe, during which he spent one year working for the Securities Investment Board in London (the English equivalent of ASIC).

Running a successful business and managing the growth of personal wealth is not easy. This paper looks at some of the challenges faced by new business owners when they purchased an older life insurance practice from their parents. They decided to completely ... Read more