Philanthropy hub opens to advisers
A new online resource providing planners with client-tailored solutions in philanthropy through education, tools and accredited training has been launched with the support of some industry heavyweights.
Specialist philanthropy services provider Enrich Australia created Gateway for Giving as a resource for advisers managing the giving strategies of clients.
AMP Capital Investors, Perpetual, Social Ventures Australia and Makinson d’Apice Lawyers have backed the venture as founding sponsors.
Gatewayforgiving.com.au teaches advisers how to implement effective giving strategies as well as provides the general public with information on not-for-profit organisations operating across almost all causes.
According to Enrich Australia director Tim Hardy, philanthropy has a legitimate place in financial planning considering high-net-worth individuals give 2 per cent of their taxable income to charity.
“Philanthropy is a dimension of financial planning that should be an integral part of any client’s wealth plan,” he said.
“Advisers can’t ignore the implications of client giving as it strengthens relationships with clients and their families, introduces some innovative alternatives for handling their tax liabilities, and provides opportunities for securing funds under management.”
Enrich Australia provides consulting services to advisers aiming to advance best practice standards within philanthropy and also helps the not-for-profit sector develop strategic relationships with advisers.
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
