Despite recent industry trends, demand for dealer groups independent of product providers will return following the Future of Financial Advice (FOFA) implementation, a non-aligned licensee chief has predicted.
Rod Bristow, chief executive of non-aligned dealer group Infocus, told ifa the appeal of licensees that fit the non-aligned profile will increase among advisers in the 12 months following the FOFA implementation date.
Within this month’s update, we share with you a snapshot of economic occurrences nationally and from around the globe.
We hope you find this month’s economic update as informative as always. If you have any feedback or would like to discuss any aspect about this report, please contact Infocus Research at email@example.com or by phoning 07 5458 9400.
Interrupted careers and lower salaries have left many women facing a super savings shortfall. The sooner you act, the better your chances of closing the gap and saving enough for the retirement of your dreams.
With a General Election now scheduled for September 14th, we have about eight months of ‘poll’ dancing to send us all into a dizzy tailspin. Whoever wins the election has a big job ahead to restore confidence among both consumers and businesses. The next eight months will do little to help confidence as there will be claim and counter claim – and no proof until after the election. Monetary policy lost its mojo in 2012 as seemingly more people lost (through savings) than gained (through mortgage holders being only 1/3 of the population and they typically do not tend to reduce their repayments). If a strong government – with a decent majority – is elected, then it could well be off to the races. But will the first nine months of 2013 be bad? We just scored about 5% on the ASX 200 in the first month but the market that keeps on giving will not do so without some sort of correction.
Commission Refunders continues to grow in popularity as the only service to give back to consumers 100% of commissions charged by banks, insurance companies and financial institutions, usually buried in the purchase price of a range of financial products.
Infocus Wealth Management CEO Rod Bristow is thrilled with ifa Magazine’s latest assessment of the dealer group. Infocus has jumped four places in the last 12 months and is now ranked number 26 within the Top 50 dealer groups nationally.