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
ASIC has issued infringement notices to two AFSLs over financial advisers providing personal advice while they were unregistered.
Australian retirees could increase their projected annual incomes by as much as 51 per cent through comprehensive financial advice, according to a Vanguard study, but cost continues to be an issue.
AMP has announced a senior appointment to its North leadership team, reinforcing the firm’s commitment to the advice industry.
Despite the financial adviser exam being rooted in ethics, two professional year advisers believe the lack of support and transparency from the regulator around the exam is unethical.
