Futuro Financial Services, a Queensland financial planning firm has unveiled an ambitious growth program in a bid to become a leading financial planning group boosting its number of offices from eight to 100 in the next four years.
The growth in planning outlets calls for a 1250 per cent increase from current figures and is also tied to an increase in funds under management to $500 million.
Futuro is the reincarnation of Legalsure Investments which has spent the last 10 years developing business services for professional firms, such as lawyers.
The relaunch of the company, led by chairman David Calver, also comes as part of a drive to double the number of planners it has by the end of the year. The firm currently has 11 planners, and predicts it will have 25 by the year’s end and another 25 at the end of 2003.
The rebadging of the business and adoption of the new strategy is the result of 12 months work Calver says which identified where the group could offer most value, which it decided was in the full scale provision of financial advice.
“Within 18 months our plan is to become one of the top independent financial planning groups in the country,” Calver says.
Calver says Futuro will address the business issues that professional firms are concerned with. These he identifies as increasing revenue, adding value to practices, controlling client bases, and compliance with the Financial Services Reform legislation.
Calver has recruited former chairman of Garrisons Financial Planning John Thomas and ex-KPMG partner David Mazengarb to sit on the board. Meanwhile, former Australian Securities and Investment Commission regional commissioner Barrie Adams has been appointed as chair of the company’s compliance committee.
Futuro has offices in Sydney and Adelaide in addition to Brisbane, and is looking to expand into other states throughout Australia.
