AFS’ good reputation pays off
In line with what was announced in the reporting of its financial results for 2006, AFS Group has revealed the names of the five practices appointed to the dealer group this year.
The newly aligned practices are:
* Financial Planning Choices;
* Vino Financial Freedom;
* Silvio Bordignon Financial Services;
* Indooroopilly Money Management; and
* Fusion Financial Solutions (Sydney).
The dealer group has also flagged the appointment of two additional practices, to be finalised in the near future.
AFS Group chief executive Peter Daly attributed this success to the dealer group’s reputation and profile in the marketplace.
“As a result [of our good reputation], AFS is enjoying considerable interest from advisers and principals seeking a new dealership,” he said.
“AFS is on target to achieve its recruiting goals for 2007, and our dealership’s well deserved reputation in the marketplace greatly enhances and supports the recruiting activities of our regional managers at a local level.”
Recommended for you
ASIC has accepted a court enforceable undertaking from a Perth-based company auditor who failed to adequately conduct multiple audits on an advice firm that receivers say has $100 million missing.
After a brutal month for adviser numbers, the net loss for June now stands at more than 100 advisers, but the financial year is still on track to end in positive territory.
Two advice platforms have been identified by Adviser Ratings as standouts for efficiency as time-pressured advisers become evermore fickle in their platform selection.
Private wealth manager Escala Partners has increased its alternatives allocations to more than a third in the past three years, describing the asset class as offering “fertile ground” for diversification.
