Former RI Advice chief financial officer and head of operations for ANZ’s aligned financial planning groups David Flynn has joined the van Eyk Advice network, a subsidiary of van Eyk Research, as the company prepares to “announce a foundation practice”.
“David is an experienced professional and he will resonate well with the financial advisers we wish to target,” he said.
“David will oversee the appointment and on-boarding of high quality advisers and practices which value independent investment research, want to grow and have around $100 million in funds under advice.”
Mr Flynn said van Eyk Advice “stands out as a non-aligned licensee” that offers an “attractive alternative to institutionally-owned dealer groups”.
van Eyk chief executive Mark Thomas alluded to the launch of a financial planning dealer group in November 2013.
$100m is only 4 or 5 small practices single person practices.
Not a really high target to warrant a media release.
Why the requirement to have $100M under advice?…I thought it was all about strategy and set fees these days (cough)
I know, i’ll gear all my clients up 70% and use home home equity too, then I can join this new group.
Old Risky, they are part-owned by Australasian Wealth Investments and a bunch of small shareholders. Not really an insto, looks like they are the latest dealer group to be on the cusp of ‘independent’ alongside sfg, netwealth, ybr etc. but at what stage does a growing group become insto? good for competition nonetheless i reckon
Excuse my ignorance, but can someone tell me who owns van Eyk
Good to see the addition of another non aligned Dealer group. We need more choice.