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
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.
