Centrepoint launches charitable foundation


Centrepoint Alliance has launched a charitable foundation, the Centrepoint Alliance Foundation, which will leverage the resources of Centrepoint to support people in need.
The foundation would provide funding and assistance to disadvantaged people across the globe to help them access medical, healthcare, education, and other assistance as required.
Centrepoint Alliance managing director, John de Zwart said the foundation was a way to build on the fundraising activities already undertaken by the non-institutionally owned financial services firm at its last two conferences, including raising over $100,000 to support disadvantaged groups such as a Thai Orphanage, a Fijian infant and primary school, and youth cancer charity, CanTeen.
“We felt establishing the Centrepoint Foundation was a good way to build on these achievements and to bring advisers together to have a bigger impact in supporting people in need,” Zwart said
“The foundation will provide a framework for Centrepoint advisers and licensees to work with each other as well as work with their own staff and their own client networks in order to raise funds via our charity partners.”
The foundation’s first partnership would be with beyondblue, the independent organisation that works to raise awareness of depression, anxiety, and suicide prevention.
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.