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
Adviser losses this week are quadruple the same period a year ago, with the industry falling into negative territory for the last 12 months.
Colonial First State has announced the latest manager to join its Edge managed accounts menu, focusing on providing investors with a strategic income.
Rising advice fees has prompted Radar Results to increase its price guide to a minimum of $3,000 per client to reflect the changing shape of the adviser landscape.
Investment consultancy Ascalon Capital has appointed a new partner, who joins from 20 years at Zenith Investment Partners, as well as a new chief executive amid a “bold new chapter” for the firm.