YBR launches new entry requirements
Yellow Brick Road has launched a series of new wealth initiatives, including new minimum requirements for employing new financial advisers.
Candidates must now have a minimum Advanced Diploma education qualification and a minimum of two years’ experience within the last three years.
They must also have accumulated continuing professional development (CPD) points for the past three years, or alternatively, completion of Kaplan KUDO skills assessment.
New wealth general manager, Adam Youkhana, also announced a new wealth customer relationship management (CRM), Provisio, which included YBR propriety statements of advice (SOAs), which would enable 80 per cent of advice recommendations to be written in-house.
He also introduced three new index options with total fees of 70 basis points, while making the YBR model portfolios available on Macquarie and Asgard platforms.
The team said it was also building a phone-based advice team to offer customers life insurance and superannuation support over the phone, due to launch in the fourth quarter of this year.
YBR announced its half yearly result yesterday, recording its maiden profit of $400,000.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.