{"id":68322,"date":"2023-10-27T06:45:36","date_gmt":"2023-10-26T20:45:36","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=68322"},"modified":"2023-11-06T10:30:12","modified_gmt":"2023-11-06T00:30:12","slug":"strong-adviser-interest-in-insignia-partnership-model","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2023\/10\/27\/strong-adviser-interest-in-insignia-partnership-model\/","title":{"rendered":"Strong Adviser Interest in Insignia Partnership Model"},"content":{"rendered":"

Insignia Financial\u2019s<\/a> proposed partnership model continues to generate a high level of interest and enthusiasm from advisers, the company says.<\/p>\n

In its quarterly update to the ASX for the three months to 30 September 2023, Insignia says the leadership team structure for the new entity has been confirmed with recruitment for vacant roles to begin shortly.<\/p>\n

As earlier reported, Insignia announced its intention to reset its financial advice operating model including the establishment of a new partnership ownership model for its self-employed licensees comprising RI Advice Group<\/a>, Consultum Financial Advisers<\/a> and TenFifty<\/a> (see: Insignia Advice Restructure<\/a>).<\/p>\n

…the leadership team structure, equity options, future of the advisory boards and business plans will be announced at adviser roadshows …<\/p><\/blockquote>\n

The Insignia update says the\u00a0 \u201c\u2026leadership team structure, equity options, future of the advisory boards and business plans will be announced at adviser roadshows to be held at the end of year, along with the new name for the new business.\u201d<\/p>\n

It also notes that it’s \u201c\u2026in advanced discussions with interested parties regarding the potential sale of the Millennium3<\/a> licence.\u201d<\/p>\n

Adviser Numbers<\/strong><\/p>\n

The company’s update adds there were 1,385 financial advisers in the Insignia Financial network as at 30 September, comprising 219 advisers in the Professional Services (Employed) channel and 1,166 advisers across Advice Services channels (Self-Employed and Self-Licensed).<\/p>\n

It notes the reduction of 28 advisers was primarily from within the Professional Services channel \u201c\u2026as a result of right-sizing of adviser numbers within Bridges. The reduction in the Adviser Services channel largely reflects the discontinuation of the Lonsdale license, with seven practices (representing 19 authorised representatives) joining Consultum from Lonsdale.\u201d<\/p>\n

\"\"<\/a><\/p>\n

\"\"<\/a>
Source: Insignia Financial’s Quarterly Update<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Insignia Financial\u2019s proposed partnership model continues to generate a high level of interest and enthusiasm from advisers, the company says. In its quarterly update to the ASX for the three months to 30 September 2023, Insignia says the leadership team structure for the new entity has been confirmed with recruitment for vacant roles to begin […]<\/p>\n","protected":false},"author":24,"featured_media":68328,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-68322","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dealer-groups"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/68322","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=68322"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/68322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/68328"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=68322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=68322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=68322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}