In a statement issued yesterday, the research house and investment ratings agency announced that former RI Advice chief financial officer David Flynn will join the group as operations manager on the van Eyk Advice business.
Commenting on the move, Mr Flynn said the new arm of the business intends to establish a “foundation practice” in the near future and grow a network of financial advisers.
“van Eyk Advice stands out as a non-aligned licensee that is truly committed to helping advisers provide objective advice and grow their businesses,” Mr Flynn said.
“In an environment of regulatory uncertainty and consolidation, van Eyk Advice is an attractive alternative to institutionally-owned dealer groups.
“Quality investment research is an integral part of the van Eyk DNA and is a key plank in the van Eyk Advice value proposition.”
The new dealer group’s value proposition centres on providing prospective authorised representatives with access to independent research from van Eyk Research, and practice management consulting services from the Encore Group, also part of the van Eyk stable.
van Eyk director and head of strategy Paul Bray described the addition of Mr Flynn as an “exceptional hire”.
“David is an experienced professional and he will resonate well with the financial advisers we wish to target,” he said.
“David will oversee the appointment and on-boarding of high quality advisers and practices which value independent investment research, want to grow, and have around $100 million in funds under advice.”
