RetireInvest recruitment recovers
Retireinvest is on the road to recovery following recent adviser losses, with the dealer group recruiting three new proprietors to boost its franchise numbers to 87, with 116 officers.
General manager George Haramis said the group had “aggressive” expansion plans, which it intended to execute through the recruitment of new proprietors, and the introduction of new advisers to existing practices.
“The objective is to recruit a minimum of 60 advisers in 2005, and we’re on target to do that, in addition to opening up a dozen new offices,” he said.
The expansion follows difficulties the group experienced last year with the renegotiation of its franchise agreement, which led to the loss of 22 planners in Victoria, who subsequently formed the breakaway group, Iris Financial Group.
The latest RetireInvest recruits include Paul Huggins, who moved from competing dealer group Financial Wisdom to become proprietor of the Wantirna practice in Victoria. Huggins is currently in the process of buying two other RetireInvest franchises.
Andrew Cunich has also joined after spending the last nine years as regional manager of Perpetual Private Clients in Canberra.
Craig Ralph, a 20-year veteran of the financial planning industry, and business partner Mark Chapman, have also become the co-proprietors of two RetireInvest offices in Albury-Wodonga and Doncaster.
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