Ex-PriceWaterhouseCoopers partner Tony Rumble and ex-ING strategist Tony Negline have teamed up to start up research venture, Savings Factory.
Savings Factory will be a service provider to the financial services industry and will take up the area of products as its special subject.
Savings Factory chief executive Tony Rumble says the group will provide financial planners with independent technical information and training relating to financial products.
“This will help remove the information bottleneck between product issuers and financial planners.”
Executive director Tony Negline stresses that the group’s independence, which he says gives the company the strength “to tell it like it is” enables the group to focus on issues that other groups have left behind or have not examined in detail.
“We will be working with a range of alliance partners who are leaders in their markets,” he says.
One of these alliances is with van Eyk Research, who will partner the combined group’s Financial Products Conference.
The group will capitalise on a growing warrant issue product market. Rumble says that market has more than doubled from 500 to 1100 since May last year.
