Salisbury Group maintains steady course
The Salisbury Group will continue with a traditional financial planning model in 2010 following a loss last year, with no major changes to their existing strategies planned, the company said.
Despite the $40,000 loss last year, Salisbury will maintain its focus on traditional financial planning, advice and current Approved Product Lists, according to chief executive Mark Euvrard.
After 10 years in operation, the company is looking to recruit new practices to help lift profits in 2010.
Euvrard said the group’s “consistent conservative approach and mission to add value to the practices of our advisers” was behind its success over the past decade.
The Salisbury Group’s offering is “attractive to a growing number of established mature financial advisers that are seeking a partner which acknowledges their industry longevity with programs and initiatives that supports and enhances their individual business objectives,” he added.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.