Choosing the right Dealer Group for your business.
Looking to change Dealer Groups?
The conversation of Large Dealer Groups vs boutique dealer groups vs Self Licencing
Some industry pundits refer to scale in Dealer Groups as the Holy Grail, we invite you to compare and determine the best fit for your business.
Large dealer groups: Provide extensive resources, compliance support, and brand recognition. Suitable for those who value stability and a wide range of products. Generally these are also older well established groups, with that comes old ideas along with legacy costs and issues, meaning you are often a victim of previous advisers actions through enforcable undertakings, higher PI costs and higher fees. You just need to look at the financials of any large Dealer Group to see that scale does need mean efficiency or profitablity and certainly not stability.
Self Licenced: Operate independently, offering flexibility and personalized service. Running an AFSL is the same whether you are large or small, you need to meet the same ASIC requirements in terms of Monitoring and Supervision, AFSL administration including compliance meetings, Policy and Procedure updates, Financial reporting, CPD tracking, PI requirements, complaints handling and more. This is not generally something to consider unless you have the skills and time to dedicate to meeting these requirements, many find out too late what is actually involved in running your own AFSL.
Boutique Dealer Groups: Finding the right mid sized boutique should provide you with all the same services as a large dealer group yet save you signifcantly on licensing fees. They are able to offer personalised service, a wide variety of products, agility in approving new products and all the compliance and licensing services that you require to run your practice. AD Advisory Services Pty Ltd has an enviable track record over the past 6 years in delivering exceptional service to our advisers, along with strong compliance, monitoring and supervision processes that allow our advisers to focus on running their business with confidence, knowing we have everything else in hand. Our fees reflect the efficiency of our services, you dont pay for unneccesary costs and we don’t provide services you wont use.
Contact us today for a copy of our pricing schedule and see what you could be saving.
Technology Solutions
Having a fully implemented technology solution is essential in running an efficient, profitable advice business. This takes time and effort to source and customise to meet the needs of your business, often left incomplete with you saying “I’ll get to that later”.
We offer Intelliflo Financial Planning software, ready to use, with all the templates and automated workflows you need to run your practice efficiently. Fully integrated ellectronic signing, secure client portal for the exchange of documents, reducing cyber security risk and increasing efficiency. Whether you are a sole operator or a multi-adviser practice, all at a discount per licence over the commercial rate.
What we offer
Licensing Solutions
We offer a range of Financial Adviser authorisations designed to meet the specific needs of your practice.
We offer high quality dealer group services backed by industry specialists. Our understanding of your needs is highly detail orientated in order to provide short and long term solutions.
Our tiered authorisation solutions include Full authorisation, SMSF specialist authorisation, Risk specialist authorisation and specialist authorisation.
Highly competitive Fees
Our highly competitive fee structure offers a genuine alternative to self licencing, leaving you free to focus on your core business. We have the best PI insurance terms in the industry, with zero claims since starting in 2018.
We offer the core requirements for Advisers to be authorised to provide advice, you dont pay for any extras. We are highly selective about who we authorise in order to protect the wider group and to keep our fees down. If you are an experienced, compliant, well run advice business, contact us today about a more cost effective licensing solution for your business.
Customised Compliance
Licensee compliance is essential for best client advice.
We embrace the highest standards of compliance and professional standards. .
We meet and exceed these standards by integrating compliance into our processes. For the more complex issues we have a dedicated Professional Standards Team that includes internal compliance consultants, external first tier law firms and industry compliance experts with ASIC and AFCA experience which we retain for the benefit of the entire Dealer Group community.
Our industry relationships are first class and nurtured with incredible attention in order to provide our clients with the upmost quality of specialist advice and support. We work with the best to bring you the best solutions to your business growth needs.