FSP's new offering to financial planners
Financial Services Partners (FSP) has launched a new initiative which it says is aimed at enhancing engagement with existing financial advisers at the same time as attracting new advisers to the group.
According to FSP chief executive Charles Smith, the new initiative, labelled FSP DNA, is designed to provide financial advisers with an integrated approach to supporting their business development. It covers business building tools, advice processes, Xplan and paraplanning.
"The FSP DNA is about having the right people, the right processes and the right technology in place to help our advisers look great in the eyes of their clients," Smith said.
He said the elements of the FSP DNA which the financial adviser chose to engage with would help define who they were and what kind of business they operated.
He said FSP had set up an financial adviser micro website from their public website to introduce the FSP DNA offer.
"The initial response from advisers has been extremely positive," Smith said. "The new terms have also drawn the interest of advisers outside of Financial Services Partners and we are currently in the process of transitioning four new firms into the group."
Recommended for you
The Compensation Scheme of Last Resort says it has received over 200 claims for compensation relating to personal financial advice since its inception and detailed the specific recurring issues being raised by claimants.
Two financial advisers have shared with Money Management why they opted to specialise in certain client niches when setting up their own business.
Insignia Financial has reached a major milestone in completing the separation of MLC Wealth from NAB, having acquired the firm back in 2021.
There could be changes ahead for how ASIC requires licensees to handle conflicts of interest as the corporate regulator announces it will be meeting key stakeholders next year to update guidance.
