Numbering system gets rolling
APIR Systems has got the ball rolling on an adviser numbering system with the launch of a dedicated development centre.
The software development centre, launched by ACT chief minister Kate Carnell, will house the technical development team behind APIR's Compliance Reference Service which will track each adviser in Australia through a registration system.
The system has already received initial approval by a number of influential groups in the industry including the Financial Planning Association (FPA), the Investment and Financial Services Association (IFSA) and the Australian CPAs.
APIR managing director Andy Hutchings says the development centre is where "the rubber hits the road" on the numbering system.
Hutchings says he expects the system to be operational by March next year and up and running by the end of next year.
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.
