Financial Standard Comments - Non-aligned licensee inquiries to rise in 2015 Independence, the flexibility to build an approved product list and cheaper, more advanced technology and platforms are encouraging more advisers to leave large licensees and strike out on their own. https://www.financialstandard.com.au/feed/latest?story=45294105 Mon, 17 Nov 2014 14:13:26 +1100 Mon, 17 Nov 2014 14:13:26 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Ian Knox (Paragem Pty Ltd) One of the current challenges for change is that mature practices with pre FoFA revenue suffer a significant cash flow hit when moving into any new Licence that doesn't have any grandfathering locked in. This suggests that AFSL's with grandfathering, APL & Platform flexibility with scale will most likely be the beneficiary of moves in 2015. There's a lot of noise about inquiries for self licensing today but no real evidence of large practices taking the hit once they realise the loss of cash flow. There's strong reason for like minded firms looking for scale and flexibility tofilter through the non bank, non AMP non IOOF affiliated AFSL market and find homes that are in tune with low cost product delivery and higher advice fees.

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]]> Ian Knox (Paragem Pty Ltd) Mon, 17 Nov 2014 14:13:26 +1100