Ipac eyes off wealth accumulators
Ipac has developed a business model to help its planners and strategic partners service the wealth accumulator market.
Ipac has developed a business model to help its planners and strategic partners service the wealth accumulator market.
Dubbed the ipac wealth accumulator business model, the model includes products designed to meet the needs of the wealth accumulation market.
Ipac’s chief executive officer Peeyush Gupta says, “Gearing and life insurance are important for wealth accumulators and ipac can provide these products as part of our integrated offer to build long term relationships with clients in this segment.”
To that end, ipac has introduced two new products - the ipac margin loan, provided by the Commonwealth Bank and ipac life insurance, underwritten by American International Assurance (Australia).
Gupta says that most financial planning practices focus on retirees and lump-sum investors at the expense of wealth accumulators who are actually more in need of financial planning advice.
He believes this sector of the market requires advice in order to transform high incomes into long term wealth and therefore need products like margin loans and life insurance.
Ipac’s wealth accumulator business model is only available to ipac’s strategic partners and its own advisers, however the ipac margin loan and ipac life insurance are available to all financial planners.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
