Mortgage Choice will be looking to further build its financial planning business in the new financial year, having taken a measured approach so far.
General Manager of Mortgage Choice Financial Planning Tania Milnes told ifa the group had put a 10 adviser limit on the business up until the end of the current financial year to see how they progressed.
So far there are four planning businesses up and running within the network, with several more due to open throughout February and March.
“From July we will be taking the message to consumers,” Milnes said. “We are trying to make financial advice more accessible and less intimidating for consumers.”
New advisers can come in as a joint venture or as a salary partner, but each business will need to be attached to a broking franchise, she said.
Mortgage Choice is currently getting lots of interest from salaried advisers looking for a new opportunity but the group is implementing “strict” conditions on who can join, she said.
New planners would preferably have a diploma and advanced diploma of financial planning and at least two years of experience. “They have to be able to demonstrate competency and understand our brand values - cultural fit is a big thing,” Milnes said.
The ifa Excellence Awards are back in 2021 and nominations are now open! This prestigious accolade recognises exceptional professionals within the financial advice industry, shining a light on the outstanding achievements from the nation's best and brightest. If this sounds like you or someone you know, then nominate today for the ifa Excellence Awards 2021!
The corporate regulator has cancelled the licence of a Queensland based SMSF advice firm that failed to lodge its financial accounts. ...
The Federal Court has issued BT and Asgard penalties of $1.5 million each for charging fees for no service and making misleading statements. ...
The wealth giant has announced a raft of further changes to its advice model, including the conclusion of client register buy-back arrangements for i...