Futuro incentivises efficient planners
Financial planners working for Futuro Financial Services will be offered "significant financial incentives if they operate more efficiently", as part of a revamped fee structure.
The changes follow Futuro's announcement that it had reached a mutual agreement with AMP to end a five-year managed buyout by AMP, as reported by Money Management.
Futuro managing director, Dennis Bashford, said the new fee structure would reward planners who adopt proper operating practices, including achieving high compliance ratings.
"We are placing people at the centre of our business strategy," he said.
"We have developed a culture of personal belonging within a close-knit planning community that I built around commitment, trust and companionship. We believe that environment is unique."
As part of the efficient approach, Futuro had announced that "virtual personal assistants" will handle the majority of the administrative duties to enable advisers to spend more time with their clients and developing their businesses.
AUTHOR
Nicholas O'Donoghue
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.
