FIIG launches division to encourage fixed income
FIIG Securities has launched a division to help financial advisers understand the importance of higher allocation to bonds and term deposits.
The fixed income broker's adviser services division offers dedicated products, services, research, and consultation to help them review the role of fixed income in their practices.
FIIG head of intermediary sales, Grant McCorquodale, said "we see overseas investors having larger allocations to fixed income, up to 25 per cent for pre-retirees, and the advisers we talk to understand the importance of these levels of allocations".
"We provide advisers the means to administer and report on client investments in a way that delivers genuine practice efficiency and time savings but, crucially, we offer this within the frame of direct ownership of true defensive assets," he said.
"This means that timely, predictable and controlled investment income is waiting for clients via what is essentially, for advisers, a plug-in service."
McCorquodale said FIIG was encouraging advisers to look again at fixed income and consider how new products and a changing client profile might warrant a new approach.
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