Plan B targets NZ for growth
Western Australia-based financial planning dealer group Plan B has told investors it is looking to expand its affinity partner program onto the eastern seaboard and New Zealand, and expects to announce an additional partner agreement in New Zealand in the near future.
In an investor update released on the Australian Securities Exchange today, Plan B said it currently had nine affinity partners — six in Australia and three in New Zealand, with over 50 per cent of the affinity partners’ advised business being invested through Plan B’s platform.
However, the dealer group said it was applying a disciplined approach with respect to acquisitions because it was “not looking to aggregate struggling practices”.
The group also said it had recently won an investment mandate in the not-for-profit sector with funds in excess of $30 million.
AUTHOR
Mike Taylor
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
