Three firms join pro bono advice network
The Pro Bono Financial Advice Network (PFAN) has welcomed InterPrac, Zurich Assure, and Sequoia to its adviser network in another step towards improving the financial wellbeing of those in need.
PFAN worked with the multiple sclerosis network across Australia, connecting individuals through referral partners to locally based advisers. Through PFAN, InterPrac and Sequoia’s network of advisers could now register their interest in providing pro bono financial advice while Zurich Assure would be able to assist clients to navigate the insurance claims process.
Advisers registered with PFAN were able to take on one pro bono client per year.
“Our mission is to help improve the financial wellbeing of Australians living with serious illness or disability, by providing pro bono financial advice, and to inspire others to do the same. Through our PFAN adviser network, we’re able to connect advisers with people who need financial advice assistance and are experiencing significant financial hardship because of a personal health crisis,” said PFAN chair, Nicola Beswick.
“Having the support from trusted brands like Zurich Assure, InterPrac and Sequoia enables us to service more clients and ultimately extend our services to others that need our assistance. We also hope to inspire the next generation of advisers and increase awareness of the value that we bring to others through our profession.”
Sandhya Maini, head of life insurance advice business Zurich Assure, highlighted recent research by the firm that showed, in the event of an illness or injury impacting their primary income, almost 40 per cent of individuals would only have sufficient financial resources for up to two weeks.
Additionally, one-in-three people indicated they had no financial backup plan in these circumstances.
“Seeking and obtaining the right advice at the right time can make a significant and positive difference. For this reason, and consistent with our values as an organisation, Zurich remains committed to helping those most in need,” Maini said.
Those suffering from serious illness or disability would be able to access pro bono personal insurance advice and insurance claims assistance, support and guidance, including:
- Evaluating claims eligibility;
- Preparing, reviewing and lodging claims applications; and
- Ongoing claims management.
InterPrac chief executive, Garry Crole, added: “InterPrac and Sequoia are pleased to support those who need advice the most, by participating in this program. In our opinion, the best investment any one can make, is to appoint a financial planner or wealth coach.”
AUTHOR
Rhea Nath
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
It is silly to describe work done for free as pro bono work. The full expression is pro bono publico and it means any work done for the public good. This can include work done for poor people but this would not be it main meaning.