van Eyk acquires Encore Group consulting
Research house van Eyk has acquired financial services consulting firm the Encore Group, which provides consulting services, programs and systems to financial planning practices, for an undisclosed sum.
Encore has been operating since 2003 and offers services including business development, sales, marketing, human resources, back office and succession planning, according to van Eyk.
van Eyk said its clients will have direct access to Encore's intellectual capital, practice management products and consulting services.
van Eyk chief executive Mark Thomas said the acquisition was an indication that the firm was developing a more holistic relationship with its clients.
"This acquisition deeply enriches our understanding of our key clients' needs and challenges at an important crossroads in the industry's development," he said.
According to van Eyk, professional practice management is one of the most important developments in the financial planning industry as it moves to adopt Future of Financial Advice reforms, and financial planners look to streamline their practices and move to a fee-for-service model.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.
