Titanium spruiks para-planning service
Financial planning dealer group Titanium is spruiking the para-planning service it provides to ensure financial plans are audited before they are sent to clients.
According to Titanium Group chief executive Andrew Blanchette, the group has a regime in place which ensures each potential plan submitted to the firm's para-planning team must follow guidelines that Titanium enforces and knows will pass muster in any audit.
"Why have a plan completed that has any inherent risk around the compliant nature of it," he said. "For a start we don't use inexperienced para-planners."
Blanchette said the Titanium model had been established as a result of a number of in-house legal counsels being employed to reduce risk to the business and its financial planners.
"We are here to service the financial planners and keep them in cotton wool so they can get on with the business of helping their clients and themselves make money, not put it at risk.
"We believe Titanium offers a para-planning service like no other in the market. Not only is it compliant, well-structured and audit-proof, it's also cost effective," Blanchette said.
Recommended for you
The Australian Financial Complaints Authority has reported an 18 per cent increase in investment and advice complaints received in the financial year 2025, rebounding from the previous year’s 26 per cent dip.
EY has broken down which uses of artificial intelligence are presenting the most benefits for wealth managers as well as whether it will impact employee headcounts.
Advice licensee Sequoia Financial Group has promoted Sophie Chen as an executive director, following her work on the firm’s Asia Pacific strategy.
The former licensee of Anthony Del Vecchio, a Melbourne adviser sentenced for a $4.5 million theft, has seen its AFSL cancelled by ASIC after a payment by the Compensation Scheme of Last Resort.
