RI Advice Group (RI Advice) has completed the restructure of its practice agreements to benefit advisers and remove potential conflicted remuneration.
“This has been a major restructure so [we have] no other plans [of this type],” RI Advice chief executive Paul Campbell told InvestorDaily.
“I am sure however we will continue to evolve and develop as we need.”
RI Advice’s offer has seen some former RI Advice practices rejoin the group in recent months.
The dealer group is now on track to achieve growth objectives of at least one practice per month before 30 September this year, Campbell said.
As reported in InvestorDaily, changes in the ANZ-owned group’s adviser agreements have garnered a positive response from the market.
The agreements are designed to cater for regulatory change, such as the government’s Future of Financial Advice (FOFA) reforms, and are expected to give advisers a competitive advantage in the market.
RI Advice’s Proprietors Advisory Council (PAC) has also provided strong endorsement to the restructure and recent business review.
“Feedback has been excellent. It has been very positive within the existing network and we are getting very strong interest within the market in general,” Campbell said.
“Practices are looking for a dealer group with a clear vision going forward and demonstrated capability to assist them manage significant change, but also assist in driving future growth. This model does that so hence the positive responses we are getting.”
