Patron Financial Advice (Patron) continues to focus on increasing its adviser numbers, with the dealer group securing a strong pipeline of planners.
"We've got two that have been formally appointed and another five are currently going through assessment," Patron director David Hasib told InvestorDaily.
"The response and enquiries [so far] has been very pleasing," he said.
Patron plans to add a further eight to its network of around 64 advisers in the next 10 months, Hasib said.
In September, the group appointed former BT Financial Group business development manager Marcus Grahn as southern regional manager.
Patron also signed on former State Super financial planner Glen Bennett as northern regional manager.
"Their objective is to not only to identify the main power growth of patron but more importantly to service existing advisers to look at business efficiencies, ways to address the P&L [profit and loss] of a business rather than a balance sheet," Hasib said.
"[They also need to] get businesses prepared for FOFA [Future of Financial Advice] and prepared for the new world we're going to face," Hasib said.
He explained that another key challenge for the group was ensuring advisers, their operation business, and product providers are compliant with the government's FOFA measures.
"[We] are making sure we have a look at our APL [approved product list] to ensure that not only is Patron dealing with pre-FOFA but so are all our product providers," Hasib said.
"We want to make sure that platforms and fund managers are applying some of the proposals put forward to ensure we get some wholesale rates."
