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Synchron to grow adviser numbers

Despite challenges the Life Insurance Framework (LIF) may present, non-aligned risk specialist dealer group Synchron is looking to increase its adviser numbers by the end of the year.

“We believe the catalyst [of the LIF] will be that more advisers will be looking for non-institutional homes,” Synchron director Don Trapnell said. 

"Synchron has a close connection with its advisers and whatever direction the industry takes we will not lose that connection."

"We believe our model will be very attractive to other advisers in a post-LIF world," he said.

The non-aligned dealer group will also be looking at the impact of the framework on its business models, future revenues and adviser sentiment at its Management Planning conference in September.

"We are bringing together senior external executives and senior Synchron advisers to provide us with insights into the direction they believe we should take, what we're doing right and what we're doing wrong – in particular, what needs to change," Mr Trapnell said.

"This time our focus will be on how to succeed in the new environment."