YBR launches new entry requirements

YBR/financial-planning/

1 March 2017
| By Malavika |
image
image
expand image

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.

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 3 weeks ago

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

2 months 3 weeks ago

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

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND