Genesys retains van Eyk


Research and ratings house van Eyk will continue its relationship with dealer group Genesys Wealth Advisers.
The re-signing of the research contract with Genesys was announced by van Eyk this week, with chief executive Mark Thomas (pictured) saying he was pleased his company would be continuing its relationship with a company that had been a client for more than 20 years.
The re-signing of the arrangement between van Eyk and Genesys is regarded as significant in circumstances where it lost a number of mandates last year, including that of Count Financial.
The re-signing has also occurred just weeks following the announcement of the sale by Zurich of competitor research and ratings house, Lonsec, to a Mark Carnegie-backed business which will also house superannuation research house, SuperRatings.
Commenting on the renewed deal, Genesys chief operating officer Andrew Alcock said it was based on mutual trust and respect built up over many years.
Recommended for you
ASIC has cancelled the AFSL of a Perth financial services firm following payments to its clients by the Compensation Scheme of Last Resort after a failed managed investment scheme.
Bravura chief executive Andrew Russell has announced he will be stepping down from the company, just under two years after his appointment.
Financial advice businesses with a younger, wealthier client base are enjoying higher valuations and increased attention from potential buyers than those with older clients.
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.