ANZ Wealth has launched a new service designed to assist advisers with succession planning.
The package, developed specifically for the group’s aligned financial adviser network, contains a range of tools to support advisers looking to sell their businesses.
According to ANZ General Manager Advice and Distribution, Paul Barrett, advisers are looking for support at all stages of the business cycle.
“We’ve had strong feedback from our planners for this initiative. They see the benefits of succession planning not just to support their transition to retirement but to assist their business growth,” said Mr Barrett.
Having a succession plan in place is part of good business practice
“Having a succession plan in place is part of good business practice and these tools will assist our aligned financial planners get the full value for their business if they decide to sell,” he added.
The package includes:
- A free, online marketplace, called eBroking Exchange, which lists practices for sale or merger and equity partner opportunities
- Access to a team of practice development managers who can provide a review of the adviser’s business and determine the appropriate succession strategy for the practice
- Valuation support
- An online knowledge support hub containing up-to-date information on succession plan implementation
While the package is currently only available to members of RI Advice, Millennium3 and FSP dealer groups, ANZ Wealth says it plans to extend the ebroking Exchange service to non-aligned advisers who are looking to sell or merge their business with an ANZ aligned dealer group.
