InFocus/H&R Block deal sees first referrals
InFocus Wealth Management has announced the first referrals have started to flow following an agreement to enter into an exclusive referral relationship with H&R Block.
The referral relationship would see H&R Block refer their clients seeking financial advice to advisers licensed by the InFocus Group.
InFocus managing director and chief executive, Rod Bristow said: “Based on the scale of the referral program, we are actively looking for quality financial advisers to join the InFocus Group nationally”.
In the initial stages of the program, which would roll out before 30 June, 2017, H&R Block would directly market to more than 1,000 clients every week to inform their clients about the new advice services that were available through the referral relationship with InFocus.
H&R Block clients seeking financial advice would be referred to financial advisers licensed by the InFocus Group.
InFocus was also helping advisers build relationships with their local H&R Block accounting offices, which it said was a significant centre of influence (COI) opportunity.
InFocus provides financial advice to over 65,000 clients and has over $4.5 billion in funds under advice and manages over $300 million in its funds management business.
AUTHOR
Malavika Santhebennur
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
