Infocus is honoured to be selected as a future licensing partner for advisers following the decision this week by Suncorp to exit its financial advice businesses Suncorp Financial Planning and Guardian Advice.
Commenting on the decision, Infocus group Managing Director Rod Bristow said “We’re excited our unblemished compliance record and significant investment in governance, risk management and technology over the last 4 years has been recognised by Suncorp in choosing Infocus as a future partner for advisers currently licensed through the Suncorp and Guardian dealer groups”, he said.
“We offer a genuine alternative for financial advisers, with our lack of institutional alignment, market-leading technology and proven ability to help advisers grow revenue, increase efficiency and effectively manage risk in their businesses.”
Bristow said, “For advisers, our new business recruitment process is great. In addition to meeting all statutory requirements and reviewing adviser history and compliance records, it involves the Infocus group leadership team meeting each adviser business principal before they join the group. This means advisers get to know the key people they’ll be engaging with every day through the recruitment process, building trust and rapport along the way”, Bristow said.
Commenting on the decision of Suncorp, Bristow said “I’ve written previously about the changing nature of institutional engagement in the wealth sector as related to the role institutions play in future manufacturing and distribution models. While this specific announcement may be a surprise to some, it is no doubt part of the thought process for many”, he said.
Infocus is an independently-owned national wealth management group with a national team of 65 staff delivering financial advice, funds management and technology solutions.
The financial advice division includes a national adviser network of Authorised Representatives licensed via two dealer groups, Infocus Securities and PATRON Financial Advice. Infocus and PATRON advisers are located in 120 practices across Queensland, NSW, ACT, Victoria, SA and WA, providing financial planning advice to over 55,000 retail clients nationally.
The funds management division directly manages 8 sector-specific multi manager funds via subsidiary Alpha Fund Managers. The technology division delivers proprietary CRM and advice generation software, PlatformPlus, which has a large national financial adviser user base.
Enquiries in relation to this media release can be directed to Rod Bristow, Managing Director, Infocus Wealth Management, on 1300 463 628 or firstname.lastname@example.org