My Dealer Group aims to connect dealer groups with financial advisers
A new service has been launched aimed at linking dealer groups with financial advice businesses.
The new offering, My Dealer Group, was announced this week and described itself as a “matchmaking” service for financial advice businesses and licensees.
Announcing the new offering, Pinnacle practice director Anne Fuchs said that while financial advisers were currently being rigorously pursued by licensees, they often did not know how to evaluate which licensee would be their best match.
She claimed the new service would offer independent, unbiased licensee/financial adviser compatibility assessments.
Fuchs said the service would involve licensees paying a fee to become a member of a panel, and My Dealer Group would then work with them to understand their unique value proposition.
Fuchs said the group was currently in the final stages of negotiation with a number of well-respected national licensees to deliver on its objectives.
She said the matchmaking component of the exercise was free to financial advisers, and revolved around a confidential fact find requiring them to rank what they are looking for from commercial terms through to culture, technology, advice, systems and processes to lead generation.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
