{"id":53505,"date":"2020-12-07T11:47:16","date_gmt":"2020-12-07T01:47:16","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=53505"},"modified":"2020-12-11T13:46:24","modified_gmt":"2020-12-11T03:46:24","slug":"lavista-licensee-solutions-hits-key-milestone-on-second-anniversary","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2020\/12\/07\/lavista-licensee-solutions-hits-key-milestone-on-second-anniversary\/","title":{"rendered":"LaVista Licensee Solutions Hits Key Milestone"},"content":{"rendered":"<p>ClearView-backed dealer services provider, <a href=\"https:\/\/www.lavista.com.au\/\" target=\"_blank\" rel=\"noopener noreferrer\">LaVista Licensee Solutions<\/a> has welcomed its 30th Australian Financial Services Licensee benefiting, it says, from the fallout of the institutional retreat from personal advice.<\/p>\n<p>A statement from LaVista says many former bank-aligned practices have gained their own AFSL in the past 12 months, with a number choosing to partner with LaVista for licensee support services including former MLC Financial Planning practice, Investorplan, and former Financial Wisdom practices, LifePath Financial Planning and Parrish Financial.<\/p>\n<p>LaVista Licensee Services Chief Executive Officer <strong>Mike Pope<\/strong> says that unprecedented structural and regulatory change continued to create opportunities for LaVista to support quality self-licensed advice businesses.<\/p>\n<figure id=\"attachment_53508\" aria-describedby=\"caption-attachment-53508\" style=\"width: 145px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2020\/12\/Mike-Pope-e1607303323355.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-53508\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2020\/12\/Mike-Pope-e1607303323355.jpg\" alt=\"\" width=\"145\" height=\"189\" srcset=\"https:\/\/riskinfo.com.au\/news\/files\/2020\/12\/Mike-Pope-e1607303323355.jpg 380w, https:\/\/riskinfo.com.au\/news\/files\/2020\/12\/Mike-Pope-e1607303323355-230x300.jpg 230w, https:\/\/riskinfo.com.au\/news\/files\/2020\/12\/Mike-Pope-e1607303323355-322x420.jpg 322w\" sizes=\"auto, (max-width: 145px) 100vw, 145px\" \/><\/a><figcaption id=\"caption-attachment-53508\" class=\"wp-caption-text\">Mike Pope &#8230;support for self-licensed advice businesses&#8230;<\/figcaption><\/figure>\n<p>Coinciding with the group\u2019s second anniversary in November, it welcomed its 30th AFSL. Three additional former bank-aligned practices are set to join by year-end, with their AFSL-applications in progress.<\/p>\n<p>\u201cSome institutions have voluntarily closed their dealer group businesses and, at the same time, a large number of professional financial advisers are moving to gain their own AFSL, creating demand for a quality, outsourced B2B licensee services provider,\u201d Pope says.<\/p>\n<p>He says LaVista can provide the &#8220;&#8230;flexibility, control and support&#8221; advisers need to &#8220;&#8230;remain compliant and focus on achieving profitable growth&#8221;.<\/p>\n<p><strong>Brad Monk<\/strong>, Partner and Senior Financial Adviser at Brisbane-based LifePath Financial Panning said the decision to become self licensed was a big step for the former institutionally aligned practice, noting that people under-estimate the work and cost involved in being self-licensed.<\/p>\n<p>&#8220;We certainly did by around 30 percent&#8230;&#8221; adding that La Vista helped it establish a robust risk and compliance framework, advice policies and licensee standards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ClearView-backed dealer services provider, LaVista Licensee Solutions has welcomed its 30th Australian Financial Services Licensee benefiting, it says, from the fallout of the institutional retreat from personal advice. A statement from LaVista says many former bank-aligned practices have gained their own AFSL in the past 12 months, with a number choosing to partner with LaVista [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":53514,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,6],"tags":[],"class_list":["post-53505","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","category-dealer-groups"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/53505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=53505"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/53505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/53514"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=53505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=53505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=53505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}