Sealcorp gears up for business growth
Sealcorp has indicated it will proceed with an ambitious schedule of adviser training, product rollouts and enhancements and technology developments over the next 12 months.
Speaking at the Securitor and Pact conference in New Zealand, Sealcorp director of distribution Dan Powell says the group had already concluded a series of initiatives.
These included the introduction of a buyer of last resort, adviser financing arrangements through St George and Macquarie Banks and new fee structure.
This last point was achieved by negotiating lower wholesale rates for funds purchased through the Asgard master trust with any savings in fees rebated back to clients.
According to Powell Sealcorp plans to kick off a mortgage origination service, also through St George and Macquarie Bank, new developments for the AdviserNet platform and continued professional development for advisers.
Powell says Sealcorp is surveying planners to check areas of need among planners and the group will structure in house courses to meet those needs.
It will also roll out the Sealcorp Business Development Program (BDP) a joint project with FMRC Business Development, aimed at providing a structured approach to business development for planners.
Powell says this program will entail a number of modules and units which planners will undertake over the next one to two years.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.