Synchron grows in Sunshine State
|
|
Synchron has appointed its long-standing adviser, Gerry Porter, who was instrumental to the Association of Financial Adviser’s (AFA’s) GenXt program, as its Queensland state manager.
Porter has been actively involved in adviser recruitment for the dealer group over the past 10 years and was instrumental in getting the AFA’s GenXt program started, which attracts young advisers into the association.
“Synchron’s growth in Queensland reflects the strong population flows to the Sunshine state and we now have 16 advisers across the state, with every expectation of that number doubling in the near future,” Porter said.
With 123 advisers nationally, “the next goal for Synchron is to reach 150 advisers in 2009, and the trend is there to show that many prospective advisers are open to our message”, Porter said.
Recommended for you
As private markets garner mainstream attention, a panel of experts believe access to the asset class through managed accounts will become more widely available, providing opportunities for advisers to diversify portfolios.
While retail investors turned to blue-chip stocks last month, according to AUSIEX trading data, September saw advised investors switch into ETFs.
With the intergenerational wealth transfer underway in Australia, wealth managers are focusing on how they can attract the next generation of advisers to service these younger clients.
ASIC wants to expand proceedings against Equity Trustees to seek compensation for members following Macquarie’s agreement to pay $321 million over Shield failings.
