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NEWS > FINANCIAL PLANNING
Synchron grows adviser base by 40pc
Tuesday, 9 February 2010 12:20pm
By Comnpany release  |  In Financial Planning

Non-aligned dealer group Synchron has increased its adviser numbers by 40 per cent with the appointment of 44 new advisers last year.

Synchron now has 154 advisers.

The dealer group aims to have 200 advisers on board by Christmas 2010.

Of these, 20 of the 44 new advisers were appointed in the last quarter of 2009.

Most of the advisers came from Queensland (15 advisers) followed by Victoria (four) and New South Wales (one adviser).

"Our Qeensland state manager, Gerry Porter, has been successful in prospecting off the back of the … 2009 NextGen conference for under 40's advisers on the Gold Coast late last year," said Don Trapnell, director, Synchron.

The increase in numbers and particularly the predominance of under age 40 new advisers has been a confirmation of the NextGen training methods, said the firm.

The training takes a holistic approach to getting the message across where the attendees were challenged physically, mentally and emotionally.

Team activities were part of the mix.

Meanwhile, Synchron is still the only AFSL paying daily commissions in the country.

Feedback from Synchron advisers who are building on their initial client base shows that daily commission payments are taking a lot of stress out of the early stages of practice building, said the firm.

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