YBR launches new entry requirements
Yellow Brick Road has launched a series of new wealth initiatives, including new minimum requirements for employing new financial advisers.
Candidates must now have a minimum Advanced Diploma education qualification and a minimum of two years’ experience within the last three years.
They must also have accumulated continuing professional development (CPD) points for the past three years, or alternatively, completion of Kaplan KUDO skills assessment.
New wealth general manager, Adam Youkhana, also announced a new wealth customer relationship management (CRM), Provisio, which included YBR propriety statements of advice (SOAs), which would enable 80 per cent of advice recommendations to be written in-house.
He also introduced three new index options with total fees of 70 basis points, while making the YBR model portfolios available on Macquarie and Asgard platforms.
The team said it was also building a phone-based advice team to offer customers life insurance and superannuation support over the phone, due to launch in the fourth quarter of this year.
YBR announced its half yearly result yesterday, recording its maiden profit of $400,000.
AUTHOR
Malavika Santhebennur
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