Lonsdale Financial Group has experienced considerable growth in its advice network, with nearly a dozen boutique financial planning practices joining the dealer group in the last six months.
The dealer group's flexible offering and range of solutions were key drivers behind 11 advice firms from Victoria, Queensland and South Australia joining the network since January this year.
The firm offers both a licensing solution for practices wishing to relinquish their own Australian financial services license (AFSL), and also supports those wishing to maintain their own AFSL while selecting from Lonsdale's suite of services, Lonsdale chief executive Mario Modica said.
"Because Lonsdale offers a full range of solutions, we don't push people one way or another," he said.
"Our specialists work through all the options and analytically determine what will deliver the best long-term alignment with each practice's business objectives.
"We are extremely well positioned to support financial planning practices through the next cycle of our industry and are focused on inviting likeminded associates into our business."
Modica said ongoing reform, rising professional indemnity insurance premiums and ever-changing compliance and licence governance requirements were other reasons why planning firms were looking at aligning their businesses with service providers such as Lonsdale.
He said key services nominated by new firms joining Lonsdale included dedicated business managers, training and peer forums, licence governance and compliance management resources, as well as customised and administered financial planning software.
Access to competitively priced platforms via its parent, DKN Financial Group, and extended business solutions were among other key services nominated, Modica said.
