Wealth management firm Centrepoint Alliance has announced plans to increase the number of advisers and practices in the coming year.
The business told investors at its half-year results presentation that growing its adviser numbers is one of its strategic business goals, adding that as higher quality firms have joined the business, lower value firms have been exiting.
According to the investor presentation, Centrepoint will look to grow its advice numbers by offering “a more profitable and attractive proposition for advisers” while also supporting those advisers to grow their client base.
Additionally, Centrepoint noted it had acquired 90 new firms in the past two years, and has a “strong current pipeline” in place, and that firms which have joined the business more recently have represented better value than older firms.
“As we recruit new quality firms, lower value firms are exiting,” the company said.
A coalition of Australian financial services providers, insurers and scientists has rolled out new standards for physical risk assessment fr...