Tupicoffs declared fully independent

financial-planning-practice/corporations-act/financial-planners/AXA/

4 July 2014
| By Staff |
image
image
expand image

Brisbane-based financial planning practice Tupicoffs has become one of the few Australian planning firms to sign a Declaration of Independence, proclaiming it free of all ownership links and affiliations. 

Tupicoffs was initially linked to National Mutual and AXA, but cut ties in 2006 and underwent a period of transformation to meet the Corporations Act’s independence criteria.  

“As a long standing fee-for-service practice striving to make a meaningful positive difference, we owed it to the Australian public to do what was necessary to meet the definition of independent under the Corporations Act,” managing director, Neil Kendall, said. 

“Being independent means we have no ownership links or affiliations with product manufacturers and don’t receive commissions or incentive payments from product providers. We believe this is the future for financial planning in Australia. 

“I hope the transition of Tupicoffs to an independent financial planning practice encourages other financial planners to make the journey to independence themselves,” he added.  

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS