Adviser demand for property research surges
Financial advisers are increasingly showing demand for independent direct property research, according to Melbourne-based research house Nyko Property.
Nyko director Bill Nikolouzakis said the FOFA legislation has created an up-swell in demand for direct property information, largely stemming from the rise of interest in SMSFs.
“We have been operating since 2008 and have worked with more than 200 financial advisers, accountants and intermediaries to source and research the best investment opportunities for their clients. Approximately 36 per cent of these investments are for SMSF portfolios.,” Mr Nikolouzakis said.
“In 2012-2013 financial year, we saw a 47 per cent increase in sales. The current financial year has seen a further 22 per cent increase, with two months still to go.
“Additionally, we have also seen a 21 per cent increase in sales referred by financial services firms in comparison with agents.
“We believe much of this growth is largely in response to regulatory changes. Advisers are seeking impartiality when it comes to selecting investments for their clients. And our research reports provide this impartiality through independent valuation and pricing and depth of insight that advisers and their clients value and expect.”
ANZ makes changes to advice model
ANZ has announced it will stop offering a financial advice service to new custo...
ASIC reveals motivation behind enforcement strategy
The corporate regulator has elaborated on why it has decided to undertake a stra...
YBR announces offloading of advice business
Yellow Brick Road has decided to begin a process of either disposing of, outsour...