Lifespan launch new service for self-licensees
Lifespan Financial Planning has launched Lifespan Partnership, a new support service for existing self-licensees and advice businesses wanting to transition to their own individual Australian financial services licence (ASFL).
Lifespan Partnership would cater to both current self-licensees and aspiring self-licensees who preferred the freedom of individual licensing, but also wanted tailored support.
The support services were split into four modules: virtual services, practice consultancy, compliance, and education and training; all models could be mixed and matched depending on the licensee’s needs.
The offering also included a ‘Partnership Program’ which comprised around 40 peripheral service providers that supplied services that pertain to ASFL obligations or promote operational efficiency.
These include services such as statement of advice (SoA) software generation, as well as paraplanning, marketing and investment consulting.
In charge of the Lifespan Partnership would be Jill Tunkin, national practice consultant for Lifespan.
“The advisers I spoke to invariably voiced their desire for services that suited their individual needs and preferences,” Tunkin said.
“They wanted a vast network of peripheral services and contacts to be provided at their fingertips and an engagement level that they wanted to control.”
Eugene Ardino, Lifespan chief executive, said the creation of Lifespan Partnership was prompted by the increase in demand for individual licensing as a result of the Hayne Royal Commission.
“We experienced a marked increase in interest for individual licensing across 2019,” Ardino said.
“The greater degree of freedom that it allows is certainly appealing for many advisers, but we recognised an opportunity to add to that proposition by offering the security and convenience of best-of-breed ancillary services.”
AUTHOR
Chris Dastoor
Recommended for you
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.
Ares Management has announced a new offering aimed at providing Australian wholesale clients, investors access to its private equity investment strategies, anchored in secondary investments.
