Capstone gears for remuneration changes

Dealer group Capstone has acknowledged conducting a national survey of planners in its network to determine how best to help them transition to likely new remuneration structures.

The national survey was confirmed by Capstone managing director Grant O’Riley, who said the dealer group had also organised for Financial Planning Association chief executive Jo-Anne Bloch to address advisers to give them firsthand information of what the FPA envisaged the future might present.

He said the dealer group wanted to ensure its adviser network was prepared for potential changes to remuneration models.

“It is important to ensure our practices are provided all the necessary information around the proposed changes,” O’Riley said. “Our practices have a high level of business autonomy and experience and a broad range of remuneration models. This means there will be a range of impacts across our practices.”

He said Capstone wanted to ensure its advisers were on the front foot in managing change because those practices that were slow to adapt would see their business suffer.