Matrix scotches sale report
Matrix Planning Solutions has denied a report it has been seeking a buyer ahead of the Government introducing legislation around the Future of Financial Advice (FOFA) changes.
The dealer group has declared it is neither hoping to find a buyer before the FOFA changes nor in discussions with potential buyers.
In a statement issued late last week, Matrix managing director Rick Di Cristoforo (pictured) said that like any good business, Matrix regularly evaluated its strategy to ensure it stayed ahead of the pack, but any strategy it undertook would need to support and help develop its culture and value proposition.
“Matrix Planning Solutions is independently owned and profitable and we plan to be around for some time,” he said. “We agree that dealer groups of the future will need to drive even greater value to member firms, and look forward to meeting the challenge.”
Di Cristoforo’s statement said that while there were elements of FOFA that would challenge all participants, Matrix was extremely confident of its future – something evidenced by its strategic alliance with AustralianSuper and other quality platforms and its initiatives in delivering scalable strategic advice.
AUTHOR
Mike Taylor
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