Bridges Financial Advice has partnered with industry superannuation fund Health Industry Plan (HIP) to provide affordable financial advice to its members.
Under the agreement, HIP’s members will have access to financial planners who charge on a fee-for-service basis and receive flexible and scalable single or multi-issue financial advice.
HIP’s members will be able to access the financial planning advice at a 22.5 per cent discount.
Members will also be able to get financial advice on subjects such as transition to retirement, budgeting, debt management, maximising insurance cover and consolidation of super funds, as well as full-scale advice on post-retirement financial planning or specific issues such as exiting a self-managed super fund.
Bridges chief executive Michael Carter said the move was part of a natural extension for the company.
“It is an opportunity for us to extend further the access that we currently provide and look to provide our member bases and the community at large with quality and affordable advice,” Carter told InvestorDaily.
He said the IOOF-owned Bridges was in discussions with a number of parties in different sectors of the market.
“We are always looking for opportunities to expand the network and our infrastructure and support and financial planning opportunities to other groups, whether it is other industry funds, other credit union building societies or credit unions generally,” he said.
In addition to building more relationships, Bridges was also focused on ensuring it was providing a value-added financial service to its existing clients, he said.
“We are constantly looking for good-quality financial planners that want to join a group like ours that has access to referral arrangements, such as the ones we’ve traditionally had and the new ones that are presenting themselves, such as with HIP,” he said.
