The newly-formed group, led by Kon Costas, aims to connect and grow self-licensed businesses and to “provide the opportunity for the self-licensed advisory market to connect with other likeminded peers and advisers to gain fresh insights and ongoing education”.
“The feedback and support we have received from the 122 community members has been exceptional, truly highlighting a significant desire for support as they grow in the everchanging post-COVID and post-Royal Commission environment,” Mr Costas said.
“In addition, we are seeing many businesses taking a deep breath for the first time in a few years, and begin looking for more opportunities to grow organically, succession planning, mergers, acquisitions, scale, and, most importantly, how to successfully support their staff through the highs and lows.”
The independent community split from BT Financial Group after more than 7 years with the purpose of providing guidance and support to AFSL holders “without encountering conflicts from institutional ownership, rules surrounding being a product manufacturer or platform provider and having existing AFSL obligations”.
Mr Costas said The Principal’s Community will look to “resuscitate” peer-to-peer learning and conversation through face-to-face forums.
