FSP remains acquisitive
Financial Services Partners (FSP) will be maintaining its acquisition focus despite the downturn.
The dealer group has revealed its goals and strategic plans for 2009 at its annual conference being held on the Gold Coast.
Speaking at the conference, chief executive Geoff Rimmer said a large part of FSP’s strategic focus needs to be about wanting to acquire businesses.
“We’ve got a lot of capital to help our advisers acquire,” Rimmer said.
“Even those businesses who are outside, who don’t want to integrate or merge, this is a pretty good place for them.”
Rimmer predicted a $550 million inflow to the group, while also planning for an after-tax profit of $3 million.
He spoke of being able to “de-link” business profits from market profits, saying there wasn’t any less opportunity for advice.
“Investment markets are not necessarily tied to our success,” he said.
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