My Dealer Group aims to connect dealer groups with financial advisers
A new service has been launched aimed at linking dealer groups with financial advice businesses.
The new offering, My Dealer Group, was announced this week and described itself as a “matchmaking” service for financial advice businesses and licensees.
Announcing the new offering, Pinnacle practice director Anne Fuchs said that while financial advisers were currently being rigorously pursued by licensees, they often did not know how to evaluate which licensee would be their best match.
She claimed the new service would offer independent, unbiased licensee/financial adviser compatibility assessments.
Fuchs said the service would involve licensees paying a fee to become a member of a panel, and My Dealer Group would then work with them to understand their unique value proposition.
Fuchs said the group was currently in the final stages of negotiation with a number of well-respected national licensees to deliver on its objectives.
She said the matchmaking component of the exercise was free to financial advisers, and revolved around a confidential fact find requiring them to rank what they are looking for from commercial terms through to culture, technology, advice, systems and processes to lead generation.
Recommended for you
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.
