{"id":63541,"date":"2022-11-22T12:41:34","date_gmt":"2022-11-22T02:41:34","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=63541"},"modified":"2022-11-22T18:33:11","modified_gmt":"2022-11-22T08:33:11","slug":"business-optimisation-service-for-advisers-launched","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2022\/11\/22\/business-optimisation-service-for-advisers-launched\/","title":{"rendered":"Business Optimisation Service for Advisers Launched"},"content":{"rendered":"<p>A Business Optimisation Service to help advisers \u201cmaterially\u201d improve the quality, profitability and capital value of their businesses has been launched by <a href=\"https:\/\/fortnum.com.au\/\" target=\"_blank\" rel=\"noopener\">Fortnum Private Wealth<\/a>.<\/p>\n<p>The firm says the proprietary program is available to both its aligned practices and external businesses \u201c\u2026signalling the group\u2019s ongoing evolution from licensee to strategic business partner.\u201d<\/p>\n<p>The launch of the service follows the October appointment of <strong>Jason Gapps<\/strong> as Practice Development and Growth Manager, which the company says enhances its capacity and capability to support advice businesses.<\/p>\n<figure id=\"attachment_35393\" aria-describedby=\"caption-attachment-35393\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2016\/11\/NeilYounger-cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-35393\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2016\/11\/NeilYounger-cropped.jpg\" alt=\"\" width=\"150\" height=\"179\" \/><\/a><figcaption id=\"caption-attachment-35393\" class=\"wp-caption-text\">Neil Younger&#8230; traditional licensee services are fast becoming commoditised.<\/figcaption><\/figure>\n<p><strong>Neil Younger<\/strong>, Fortnum\u2019s Group Chief Executive Officer and Managing Director, says traditional licensee services are &#8220;&#8230;fast becoming commoditised, forcing licensees to innovate and differentiate in order to meet the changing needs and demands of advice businesses and their clients.&#8221;<\/p>\n<p>He says foundational licensee services like brokerage, product research and compliance remain essential &#8220;&#8230;but they don\u2019t move the dial and they don\u2019t drive adviser satisfaction.\u201d<\/p>\n<p>Younger says the firm\u2019s mission is to support advice businesses \u201c\u2026to deliver quality advice and effectively manage and grow their business. This program is designed to help advisers lift operational performance, address problems and capitalise on potential opportunities.\u201d<\/p>\n<p>The program is currently being rolled out across Fortnum\u2019s network of more than 90 practices.<\/p>\n<p>The company says the first step is a business diagnostic to gain an understanding of a firm\u2019s structure, financial position and health.<\/p>\n<p>This includes a review of a business\u2019 fundamental components. Businesses are assessed on 128 criteria, which are each rated from weak to strong to identify opportunities, issues and critical areas for improvement.<\/p>\n<p>The company says that based on a firm\u2019s goals and priorities, a plan is put in place with clear actions, responsibilities and time-frames.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Business Optimisation Service to help advisers \u201cmaterially\u201d improve the quality, profitability and capital value of their businesses has been launched by Fortnum Private Wealth. The firm says the proprietary program is available to both its aligned practices and external businesses \u201c\u2026signalling the group\u2019s ongoing evolution from licensee to strategic business partner.\u201d The launch of [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":63546,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,3,4474],"tags":[],"class_list":["post-63541","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dealer-groups","category-general","category-practice-management"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/63541","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=63541"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/63541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/63546"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=63541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=63541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=63541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}