Sequential to assist AMP financial planning practices with FOFA changes
Key AMP financial planning groups have retained Sequential Project Services to help them with regulatory changes stemming from the Government's upcoming Future of Financial Advice (FOFA) reforms.
Sequential this week announced that the AMP Financial Planners Association, Hillross Advisers Association and General Insurance Advisors Association (AFPA, HAA, GIAA), which represent over 950 practices, have enlisted its support to help their membership adapt.
According to Sequential chief executive Adrian Johnstone, the ongoing collaboration and preferential pricing agreement between Sequential and the AMP Financial Planners Associations would provide member practices a valuable support channel in what is a complex and ever-changing operating environment.
"Financial planners are busy providing a valuable service to their clients, [but] like plumbers with leaking taps they can neglect the health of their own practice," he said. "Often they do not have the relevant experience to review their operations against the changing commercial landscape to identify risks and opportunities."
Recommended for you
With Fortnum Private Wealth and Professional Financial Services now unified under the Entireti umbrella company, CEO Neil Younger has detailed to Money Management the firm’s new direction and future expansion.
The FAAA has suggested looking offshore for overseas financial advisers to ease the adviser shortage, but are employers willing to take on the burden of workplace visas?
There may be a huge influx of alternatives coming to the market, but timing and access difficulties mean advisers can easily end up disappointed with their selection, according to Morningstar global CIO Dan Kemp.
An NSW individual has pleaded guilty to one criminal charge of providing unlicensed financial services after promoting crypto investments at national seminars.
