Through LaVista Licensee Solutions, advisers can cherry-pick the services they need from a comprehensive menu that includes compliance and monitoring of authorised representatives, technical helpdesk, marketing and software support, ClearView said in a statement.
It also said advisers can alternatively opt for an off-the-shelf package of essential dealer services including advice documents and templates, compliance manuals, and education and training.
LaVista leverages the infrastructure and resources of ClearView’s dealer groups Matrix Planning Solutions and ClearView Financial Advice.
ClearView general manager of group licensees Todd Kardash said small to medium-sized firms increasingly want the autonomy and flexibility that comes with being self-licensed but without the cost and distraction of running a complete back office.
“We recognise that being part of a dealer group isn’t the right option for everyone but through LaVista they can have the best of both worlds,” he said.
“Our goal is not to tell advisers how to run their business but to help them meet their legal obligations so they can focus on seeing clients and growing their business, confident that nothing is slipping through the cracks.”
ClearView has also made a number of internal appointments, with Mike Pope appointed LaVista chief executive, Allison Dummett promoted to Matrix Planning Solutions chief executive and Tanya Seale appointed chief operating officer of licensee solutions for ClearView Financial Advice.
All three roles will report to Mr Kardash.
This is surely the way of the future dealership. Just let us pick and choose what we need. Instead of everyone paying a flat fee and percentage of income , but all receiving very different levels of service. This would also allow the dealerships to staff themselves correctly in terms of supply and demand. For example many advice firms are happy to do their own marketing, they have their own brand, do their own advertising and network themselves. Don’t need to pay head office for that, so they don’t need as many staff in these marketing departments which also reduces their operating costs. It would really help the smaller firms reduce the overall operating costs if we could opt in and out of services depending on the individual needs.
great idea Patrick now we are thinking.
Still one overarching challenge to small AFS licencees, particularly single adviser licencees, the cost of PI insurance. Could it be possible for LaVista to create a “buying group” to achieve something closer to Dealer Group cost for PI?