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
With Insignia shares up 32 per cent in the past month and the firm enacting a five-year growth plan, Morningstar believes the two recent acquisition bids from private equity firms demonstrate the company is undervalued.
As financial advisers enter the new year, Assured Support shares eight strategies to help advice businesses thrive through focused and consistent planning.
Insignia Financial has received a takeover bid from a second US firm, topping Bain Capital’s offer with a bid of $4.30 per share.
As the year comes to an end, Money Management takes a look at the biggest announcements that shocked the financial advice industry in 2024.
