The business told investors that growing its adviser numbers is one of its strategic business goals, adding that as higher quality firms have joined the business, lower value firms have been exiting.
According to the investor presentation, Centrepoint will look to grow adviser numbers by offering “a more profitable and attractive proposition for advisers”, while also supporting those advisers to grow their client base.
Additionally, Centrepoint noted it had acquired 90 new firms in the past two years, has a “strong current pipeline” in place, and that firms that have joined the business more recently have represented better value than older firms.
“As we recruit new quality firms, lower value firms are exiting,” the company said.
“As we recruit new quality firms, lower value firms are exiting,” the company said.
new quality= groups willing to sell our in-house products.
lower value= groups not drinking the kool aid.