Former Apogee head talks up specialisation
A former chief executive of NAB-aligned Apogee says a “new wave” of thinking is needed on specialisation, with broad offering licensees a thing of the past.
In a statement, Wayne Handley, who will launch risk-focused start-up Bombora Advice in August, said the conventional licensee model is “under stress and in some cases unsustainable” and a new focus is required post-FOFA.
Advisers need to be associated with a specialist licensee that intimately understands the industry, their needs and has a dedicated and focused infrastructure, flexibility and scale to support their specific advice provision and business growth needs,” the statement said.
“The licensee of the future should merely be an ‘extension’ of an advice business not the ‘top down’ model we see today.”
AIOFP ‘appalled’ by ANZ shut down of adviser revenue
EXCLUSIVE Industry body the Association of Independently Owned Financial Profess...
Government reveals new financial services minister
The federal government has named a new Assistant Minister for Superannuation, Fi...
Maurice Blackburn chosen to undertake class action against AMP
Law firm Maurice Blackburn has been selected by the NSW Supreme Court to underta...