ANZ to extend broking service to non-aligned financial planners
ANZ Wealth has signalled it intends extending its new eBroking Exchange service to cover non-aligned financial planners to help them in selling and buying practices.
ANZ announced the development of the eBroking Exchange service this week, describing it as a comprehensive package of succession tools to assist financial planners develop a successful succession plan.
Announcing the new package, ANZ general manager, Advice and Distribution Paul Barrett said the package was aimed at assisting aligned financial planners get the full value for their business if they decided to sell.
Barrett said the ANZ Wealth succession package gave financial planners a range of tools, including a practice funding facility, eBroking Exchange including free access to an online marketplace, succession plan analysis and access to valuation support.
"With close to 2,000 financial planners across our network, it's important for ANZ Wealth to foster a culture of innovation and support that benefits planners at all stages of the business cycle," he said.
Barrett said the group had received strong feedback from its financial planners for the initiative, and planned to extend its eBroking Exchange service to non-aligned planners who wanted to sell their business into an ANZ aligned dealer group.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
