A former Suncorp national manager has established his own advice firm and joined a non-aligned licensee, citing that the future for non-bank-owned businesses is bright.
Pat Casey set up his advice practice Assure Wealth – licensed by Centrepoint Alliance – in July, according to his LinkedIn account. He was previously Suncorp’s national manager for dealerships since 2012.
In a statement yesterday, Mr Casey said he joined a non-aligned dealer group because they have a “strong future ahead of them”.
“We have seen a lot of independently-owned licensee groups flourish in recent times because they have established a unique point of difference and value proposition,” he said.
“They are niche and they are consistently seeking to innovate and grow.”
Centrepoint Alliance managing director John de Zwart said his company has received “overwhelmingly positive” feedback from advisers switching to the non-aligned space.
“Most of the advisers who joined us moved from institutional aligned or owned distribution models. For them, independence was a key requisite, as was the level of support provided in resources, education, tools and expertise,” Mr de Zwart said.
"While the industry has been through a lot of turmoil, the future is bright for motivated professionals who are focused on providing great outcomes for their clients and want to build a business of enduring value.
“Advisers need support that is focused on helping them deliver to their clients, rather than simply acting as the sales and distribution arm of an institution.”
Stimulate new ideas. Stimulate new thinking. Top up your CPD points and hear from industry experts with ifa’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD hours. Explore the Knowledge Centre now.
Mayfair founder James mawhinney has said a new venture he’s offering to investors is within the bounds of the law despite being hit with a 20 year b...
Advisers who have previously failed the FASEA exam twice are being offered a “one-time, limited extension into next year”. ...
An industry body has hit back at the financial services minister’s claims that ongoing fee reforms will stop advice clients from being charged invis...