The new advice group will be rolled out this week following a “strategic review” by netwealth of its advice subsidiaries.
Each business involved retains its own brand and will be managed by the existing general managers who will now report to newly-appointed netwealth head of advice group Simon Micallef.
“Previously they have all been quite separate businesses,” netwealth executive director Matt Heine told ifa.
“So, whereas the institutions have all got fairly segmented business models, some will offer one service but not all services.”
“We believe this offers a compelling advice solution to advisers where they can actually pick and choose the services that are relevant to their individual business.”
netwealth said the structure will allow the group to provide a greater value proposition for clients.
“Having the single management structure means that we can make sure that we actually get the maximum out of each of the group and ensure that we share knowledge throughout all the benefits,” Mr Heine said.
“It should give them a better level of service, far better access to industry leaders and overall just new solutions that we’ll be rolling out over the next few months.”
The way i read fofa and the future of the financial planning business in general is that Dealer Groups will no longer be required and die a slow death so maybe ifa’s should be grouping together & just paying a group license fee. Dealer groups will be a thing of the past in a couple of years. Asic should just issue a license to each ifa.
[quote name=”Ian Leslie”]Would it be possible to provide me with the Executive Team please.
Many thanks
Regards Ian Leslie.[/quote]
Hi Ian, I woud be happy to run you through the team and can be reached on free call 1800 888 223. thanks
[quote name=”LAWRENCE DEWIS”]Netwealth should be clear on where it is heading and it’s business clarity/proposition. Netwealth is/was a boutique platform provider with appeal to independent dealer groups and advisers such as myself. Is Matt trying to build a mid size dealer group?[/quote]
Hi Lawrence, I will give you a call to run through our proposition which is in essence all about providing and supporting the IFA market to make sure that it can continue to grow and prosper post FOFA. The combined businesses have significant resources which we can provide to you and others without institutional interference. The services are “self select” and designed to provide greater choice – not less.
Netwealth should be clear on where it is heading and it’s business clarity/proposition. Netwealth is/was a boutique platform provider with appeal to independent dealer groups and advisers such as myself. Is Matt trying to build a mid size dealer group?
Would it be possible to provide me with the Executive Team please.
Many thanks
Regards Ian Leslie.