Peter Johnston, CEO of the AIOFP reports on how the Advice market should be structured to accommodate all stakeholders.
Below is a link to our thoughts around how the Advice market should be structured to accommodate all stakeholders.
With INDUSTRY SUPERANUATION FUNDS [IFS] emphatically winning the ‘27 year war’ against the Banks over market domination, they are an indelible part of the Advice solution and must be included in any planned strategy – it is also very clear the Minister favours this direction.
With the trend for IFS’s to outsource Advice functions to external providers to reduce costs, this presents opportunities for the independent Advice market to capitalise on.
As previously suggested, IFS’s are no longer the ‘enemy’ they should be embraced.
Regards.
Peter Johnston | Executive Director
Association of Independently Owned Financial Professionals
Suite 1211, 1 Queens Road, Melbourne VIC 3004
P 1800 111 203, d 03 9863 7574, m 0418 857 621
www.aiofp.net.au | Download my business card
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