Investec launches IFA-oriented product
Investec Australia has launched what it is describing as a bespoke personal banking offering aimed at financial advisers.
According to Investec Australia's head of Independent Financial Adviser distribution, Gareth Bird, the focus on financial advisers will incorporate flexible lending practices similar to those offered to other niche market segments such as medical, dental and accounting practitioners.
"Financial advisers are a unique group of clients with a distinct set of banking requirements. The ability to offer a bespoke range of products to this market segment follows many years of working alongside them and their clients, so we're already familiar with their financial needs," he said.
Bird said the move by Investec Australia to offer financial advisers a tailored personal banking service was designed to provide a more responsive and flexible offering than major financial institutions.
"In their own dealings with clients, financial advisers strive to give a streamlined process with exceptional client service. We now have the capability to offer this value proposition to the advisers themselves, who — by virtue of their own knowledge and experience — seek financial solutions that are tailored, relevant and competitive," he said.
Recommended for you
Far too few wealth managers are capitalising on the opportunity presented by disruptive technology to deliver personalised investment solutions to the mass affluent demographic, according to PwC.
With over half of advisers using managed accounts, HUB24’s head of managed portfolios has unpacked the benefits driving their usage and how they can be leveraged by advice practices.
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.
ASX-listed platforms HUB24, Netwealth, and Praemium have used their AGMs to detail how they are using artificial intelligence to improve their processes and the innovative opportunities it presents.