Garrisons teams with Tribeca on SMSFs
By Craig Phillips
Challenger-owned adviser groupGarrisonshas struck a deal with education providerTribecato provide its authorised representatives with the opportunity to offer advice on self-managed superannuation funds (SMSFs).
Garrisons says by April over three quarters of its more than 160 planners will have completed the training.
“We have complemented our planners’ accreditation training with a full suite of internally designed SMSF tools that allows Garrisons to provide a comprehensive and cost effective service to our SMSF clients going forward,” Garrisons’ head of research and technical services Keat Chew says.
According to Chew, the deal is a significant one given his belief that advice on SMSFs will form the backbone of adviser revenue in years to come.
“SMSFs are going to be a major source of adviser revenue in the coming years, driven by several factors, such as Financial Services Reform restrictions on accountants, the repeated stalling of choice of fund and portability legislation, and the increasing superannuation benefits of the baby boomer generation,” Chew says.
Tribeca head of education Louise Trevaskis says the program meets National Finance Industry Training Advisory Board (NFITAB) SMSF adviser competencies along with fitting the Garrisons business model for its SMSF clients.
Any Garrisons authorised representative wanting to continue to advise on SMSFs will need the Tribeca accreditation by July 1, 2004.
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