Guardian launches Medical Reward program
Risk-focused dealer group Guardian Advice has announced the launch of a Medical Reward Program which it says offers an exclusive medical and pathology service to advisers.
The company said the new program was aimed at improving the client experience throughout the insurance application process.
It said the service would provide an extra revenue stream for advisers, many of whom were feeling the pressure of increased regulation and compliance requirements which were placing pressure on their traditional revenue streams.
Commenting on the offering, Guardian Advice head Simon Harris said clients were reluctant to go through the process of having to get blood tests or needles and getting questioned about their health history.
"If we can make that process as easy and efficient as possible, it will result in more revenue for our advisers and getting more Australians insured," he said.
"Advisers and their clients will get preferential service and a better experience based on the service standards we've negotiated. This is also a mobile service, so medical professionals can see the client in their own home," Harris said.
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.
