Ex-Retireinvesters say ‘aye’ to Iris
Iris Financial Group has been confirmed as the new name for the breakaway dealer group of 22 RetireInvest planners from Victoria, as flagged by Money Management earlier this month.
The new dealership, which is due to commence operations on April 6 , is claiming to be one of the ten largest independent financial planning groups in Australia, with more than $1 billion in funds under advice.
It has signed a partnership today with Sealcorp Holdings Limited for the provision of dealer services and platform support through the Securitor network and the Asgard platform.
Founding IRIS chief executive Allen Harrison, previously the Victorian state manager for RetireInvest described IRIS as “a new force in the financial planning industry, especially in Victoria”.
“We will provide a fresh alternative for clients seeking a professional and objective partner to help achieve their investment, retirement, income and superannuation goals”, he said.
Details of the breakaway group first emerged as RetireInvest’s owner, ING Australia, revealed that 81 of its 89 licensees had signed a new, uniform franchise agreement.
Negotiations on the contract caused much consternation for the dealer group through last year.
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