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History
The complexity and costs of delivering financial advice and products to
consumers has created an industry that provides much of its focus to high
net worth (“HNW”) individuals with only very limited access
to the mass population. Even for those that do have access, the huge volume
of advice, information and choice has often led to confusion and uncertainty.
The consequences of this lack of knowledge for individuals and the community
are substantial. As a result, simplifying this complex process as well
as making it more cost effective and available to the mass market has,
historically, been considered too difficult.
Current
Advice Model:
A
Change in Philosophy
With the fundamental belief that sound and objective financial advice
should (and can) be available to everyone, the Financial Advice Centre
has moved beyond accepted industry thinking and pioneered a professional,
scalable and cost effective advice model that has revolutionised the industry.
Providing full, limited
and general financial advice to the mass market, the Financial Advice
Centre works closely with banks, fund managers, superannuation funds and
dealer groups to enable them to build stronger, more sustainable and longer
term relationships with their customers, members and clients. This professional
partnership can lead to:
• Higher levels of satisfaction and loyalty
• Higher retention levels
• Increased referrals
• Increased product sales per customer
• Higher exposure to growth assets
• A more cost effective and efficient method of delivery
New
Advice Model:
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