Centrepoint to help self-employed advisers
Financial advisers need support that is focussed on helping them deliver to their clients, rather than simply acting as the sales and distribution arm of an institution, Centrepoint Alliance believes.
Centrepoint's managing director, John de Zwart, said since the industry had been through a lot of turmoil, the need for quality advice was greater than ever and clients needed and demanded advice that was focussed on them and their goals.
The non-aligned financial services firm said it had launched a turnkey transition program to enable experienced advisers to develop their own advice business.
Zwart said more and more advisers saw the benefit of taking responsibility for their own future, as non-aligned professionals running their own businesses.
"We have developed an attractive turn-key transition solution that includes full compliance and technical support, best-of-breed technology solutions, business development support and attractive terms, including initial fee relief," he said.
"We can also offer flexible options in office arrangements, including utilising Centrepoint Alliance's offices in some states and our support infrastructure around the country.
"Of course, the biggest difference we offer is a cultural one. Our entire focus is on enabling professional advisers to develop themselves as practice managers and as independent business owners."
Recommended for you
The shift in scale and consolidation has led to substantial growth in large privately owned licensees, which have tipped past 20 per cent of advisers for the first time to make up 28.3 per cent of the industry.
ETF providers Betashares and BlackRock are reporting increased flows for currency hedged vehicles, but an adviser has warned on the potential tax implications of changing currency.
Bravura chair Matthew Quinn is to step down later this year, following the exit of CEO Andrew Russell, while its future priority is digital advice in Australia.
Financial advice has an important role to play in navigating family discussions around inheritance, according to CFS, with younger generations expecting a windfall of more than $500,000 while older ones try to meet their retirement needs.
