Financial Services Partners (FSP) has released details of a new value proposition in response to an increasingly competitive marketplace brought about by the Future of Financial Advice (FOFA) reforms.
"Dealer groups need a very compelling offer in order to retain and attract advisers," FSP chief executive Charles Smith said.
The new value proposition will help advisers with their business building tools, advice processes, Xplan and paraplanning, investment philosophy and platform strategies, as well as professional standards and development, and remuneration support.
FSP believes the new service will also help to attract new advisers to the dealer group, Smith said.
"The initial response from advisers has been extremely positive," he said.
The new terms have also drawn the interest of advisers outside of [FSP] and we are currently in the process of transitioning four new firms into the group," he said.
FSP intends to roll out further initiatives off the back of its new value proposition, an FSP spokesperson said.
