Clearview Wealth plans to expand its adviser base following a 37 per cent increase in its adviser numbers from 57 to 78 in the first half of 2012.
The dealer group plans to continue expanding its adviser network by recruiting new advisers and establishing distribution agreements with third-party dealer groups, including independent financial advisers.
“We have plans. We are in conversations with people so more will continue to join in the future,” Clearview Wealth managing director Simon Swanson told InvestorDaily.
“We’ll just continue what we’re doing, bringing on very high-quality planning groups into our dealer group. We’re very happy about our progress to date.”
Swanson said Clearview’s strong capital position and shareholder funds meant the company was well positioned for future growth.
Although the financial services company plans to continue growing its adviser base, it has no clear projection or goal for the remainder of the year.
“It’s not about numbers, it’s about quality and it’s about the people. So we don’t actually have a pre-determined number that we’d like to join,” Swanson said.
“It’s [about] making sure that we bring people in who are the highest quality and I think we’ve done that to date very well.”
Since 2 April, eight financial advice practices have joined the Clearview dealer group: Daniel Isenhood, Churchill Consulting Services, The Leverington Financial Group, Peter Howard Insurances, MBA Financial Group, The Insurance and Superannuation Centre, The Financial Clinic (Vic) and Centre of Wisdom.
On 30 June, Clearview had in-force life insurance premiums of $44 million, representing a 10 per cent growth over the six-month period.
Clearview will announce its results for the financial year ended 30 June 2012 on 29 August.
