CPP Program

Are you Fee-For-Service ready?

From its humble beginnings of the days of the travelling insurance salesperson, the Financial Planning industry has evolved into a diverse range of sophisticated services that are sought by a growing number of Australians.

But the journey has not been without its challenges. The Financial Services Reform Act of 2001 created a higher standard of compliance and quality amongst financial planners, and also significantly increased the complexity of their services.

In addition, the financial crisis that started in 2007 has stripped billions of dollars of wealth from Australian investments and savings, placing many financial planning practices under considerable financial strain, and exposing the market sensitivity of their commissions-based performance.

Throughout this entire journey, the increasing use of financial planners by consumers has also highlighted the need to deal with the perceived conflicts of interest inherent to the industry, particularly upfront and ongoing commissions that have been singled out for special focus – an area that Industry Superfunds have eagerly exploited to their advantage.

With the gradual phasing out of commissions-based incentives for financial planners by 2012, the industry is due to undergo a major shakeup on how financial planners will operate and prosper in the future.

How can we help?

The Commissions-Free Planner Practice Program is a comprehensive and integrated solution designed to help transform your financial planning practice to not only adapt to a commissions-free environment, but also to identify and build new areas of growth and opportunity to create a sustainable and profitable outcome and furthermore protect the value of your practice in a new and uncertain future.

Where the CPP Program differentiates itself from other solutions available in the marketplace is in the holistic approach that our solution offers in the:

• Improvement of the efficiency and scalability of your back-office;
• Growth and strengthening of capabilities of your front-office; and
• Redevelopment and repositioning of your client value and service proposition

Ensuring that your practice will be capable of delivering flexible, valuable, and affordable services to your client base in an effective and (most importantly) profitable manner.

Built on our proven background and history in Business Transformation and Improvement, with the support of tools and techniques that have been developed and tested in conjunction with real-life practices, the CPP Program is one of the few effective solutions currently available in the Australian marketplace that has all the needed support, tools, and methodology that will ensure the successful transformation of your practice for a commissions-free future.

Find out more about the Commissions-Free Planner Practice Program

To find out more about how the Commissions-Free Planner Practice Program can help your practice or dealer group to achieve maximum profitability and success in a commissions-free future, please download our CPP Program Info Pack, or Contact Us and speak with one of our consultants.