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van Eyk Advice targets growth as industry consolidates

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van Eyk Advice has seen "strong interest" from advisers that are seeking an alternative to the institutionally-owned advice groups.

The research firm has said industry consolidation, which has seen a number of independent advice groups being bought by large institutions, has made its research-driven advice model more appealing to advisers.

"van Eyk Advice can fill a gap in the marketplace for a non-aligned advice group that develops and follows through on its own ideas," van Eyk chief executive Mark Thomas said.

"It [van Eyk Advice] will be an attractive proposition to like-minded planners who are not comfortable being part of a large conglomerate."

van Eyk Advice launched earlier this year and is now focused on building on what is currently a small base of authorised representatives within a dealer group structure.

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Mr Thomas said that the group would "step up efforts to attract and engage more advisers".

According to van Eyk recent mergers have emphasised to advisers the value of research-driven advice groups that operate independently of the large dealer groups.

Among advisers that van Eyk spoke to, most said a lack of investment expertise, poor communication and a lack of practice management and support were the cause of their dissatisfaction with their current dealer group.

"van Eyk Advice offers financial advisers the opportunity to work with a respected brand which is committed to pursuing its own path and has a history of putting investors first," Mr Thomas said.