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.
Recommended for you
A Gold Coast-based financial adviser has been banned for four years by the corporate regulator after he provided inappropriate advice for Next Generation Advice regarding speculative and illiquid investments.
With $34.9 million in cash on its balance sheet, Fiducian executive chairman Indy Singh has said the licensee won’t be rushed into making large advice acquisitions or paying out special dividends.
ETF provider VanEck is set to launch its latest smart beta ETF – the MSCI International Growth ETF– ushering in a new growth international equities strategy.
Advancing research on the use of artificial intelligence in financial services, AMP has announced a strategic partnership with UNSW Sydney.