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ANZ positive on adviser growth

ANZ is expecting a positive year in adviser growth following implementation of Future of Financial Advice (FOFA) reforms on July 1.

ANZ head of aligned licensees Neil Younger said the group is expecting a strong 2013 across all of its businesses.

“We are set for growth in adviser numbers and greater productivity across all of our brands. Investment has been directed toward the licensee businesses and we are looking to take advantage of the changing environment,” he said.

While 2012 was focused on getting the group FOFA-ready, this year ANZ is looking towards attracting and retaining advisers to RI Advice, Financial Services Partners and Millennium 3, he said.

The firm also plans to expand its Home for Life concept, delivering business life stage solutions to its network of advisers, including succession strategies for practices looking to realise value.

ANZ will also support its planners by focusing on knowledge, efficiency and innovation through its advice delivery team, according to Younger.