ClearView moves into independent financial advice market
ClearView Wealth has expanded into the independent financial adviser (IFA) market with the acquisition of three IFA practices.
The acquisition of TSG Financial Solutions (TSG), East Coast Consultants (East Coast) and Knightcorp takes the number of ClearView financial advisers from 57 (as at 31 December 2011) to 66.
ClearView stated that the acquisitions broaden its distribution footprint across Australia, with TSG based in Queensland, East Coast based in New South Wales, and Knightcorp based in Western Australia.
ClearView has also announced that its life advice product suite, LifeSolutions, has been added to seven more dealer group approved product lists - taking the total to 13.
A key part of the company's distribution strategy has been based on ClearView advisers and IFAs, and ClearView managing director Simon Swansea said the business "is pleased with the progress year-to-date".
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
