RetireInvest focuses on young
In an attempt to woo a new generation of clients, RetireInvest has launched FutureWealth a service aimed at helping Australians of all ages build wealth.
In an attempt to woo a new generation of clients, RetireInvest has launched FutureWealth a service aimed at helping Australians of all ages build wealth.
Launching FutureWealth, RetireInvest’s national marketing manager, Lynne Wyatt said the brand name ‘RetireInvest” had probably sent the wrong messages to younger people.
“We wanted to make younger Australians aware that our advisers are not just servicing the retiree market,” she said.
“FutureWealth is a package of services dedicated to helping Australians of all ages build wealth.”
The launch follows hot on the heels of research conducted by AMR: Quantum Harris which reveals that almost 80 per cent of 18 to 35 year olds are saving to reach substantial goals.
Wyatt says this is a reflection of changing attitudes amongst younger people who know that they will have to fund their own lifestyles throughout their lifetime.
RetireInvest’s contracted financial planners nationwide are being encouraged to use the brand where appropriate.
“We recognise that some of our planners have enough to do servicing the retiree market and they may not want or need to use FutureWealth,” Wyatt says.
“But we see it as a great service for those planners who do have an interest in servicing younger clients.”
FutureWealth has packaged information on a range of investment strategies designed to meet the needs of clients of all ages. The strategies include gearing, superannuation and debt management.
Recommended for you
As the industry navigates the fallout from recent product failures, two major AFSLs have detailed their APL selection process and relationship with research houses, warning a selection error could “destroy” a licensee.
The impending retirement of financial advisers in their 50s could see the profession face significant succession challenges over the coming decade and younger advisers may not be the answer.
With a third of AFSLs being solo advisers, how can they navigate key person risk and ensure they are still attractive propositions for buyers when it comes to their succession planning?
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
