Premium Wealth Management plans to increase the number of financial planning practices in its advice stable over the next four to five years.
"We would like to grow just a few practices a year for the next four or five years," Premium Wealth Management chief executive Paul Harding-Davis told InvestorDaily.
"We would be keen to add more practices steadily, not too many, and we are indeed in varying discussions with a number of firms. In terms of having had some genuine discussions, there would be a bit more than a dozen that we have had a meaningful discussion with."
Harding-Davis said the Future of Financial Advice (FOFA) reforms had generated more interest in the market, however, the continued uncertainty since the Ripoll inquiry was still a hindrance.
"There has been a greater degree of interest and concern about what the right business model form is going forward. But the uncertainty that is still there is making it difficult for people to make a decision," he said.
In some circumstances, financial planners were holding back until the "dust settles" on exactly what would come out of FOFA, he said.
"FOFA has encouraged, if not forced, most planners to think about how they want to operate their business," he said.
On Wednesday, Premium announced it had added Pearman Financial Management to its dealer network.
