Futuro predicting growth
Futuro Financial Planning is predicting it will sign up its 100th planner by the end of the financial year after recording nearly 50 per cent growth in the past 18 months.
Futuro managing director Dennis Bashford said the group’s financial planning network covered 64 authorised representatives in October 2008 but that number would reach 93 by the middle of this month. He added that Futuro expected to sign several new firms in coming weeks.
He said that funds under advice had risen during the same period from $1.4 billion to now exceed $2 billion.
Bashford said that the growth had been achieved despite what had arguably been one of the most difficult times faced by planners in living memory.
He claimed the growth was attributable to the group’s conservative and rational approach and its highly selective processes.
AUTHOR
Mike Taylor
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
