Dealer group Patron Financial Advice will focus on growing its adviser numbers over the next 12 months.
In the 2012 financial year, Patron added 18 new advisers to its network and plans to attract another 15 advisers in the coming year.
"We grew by net 18 advisers in the last financial year, which is significant for a small Australian financial services licensee," Patron director David Hasib told InvestorDaily.
"We're at 62 now. I think we may lose one or two throughout the year [which is] expected with natural attrition, but [we would like] a net result by another 15 advisers. That is our projected target by end of June 2013."
Hasib said the key challenge facing the group was ensuring advisers and their operation business, communication with clients and advice was sound and compliant with the Future of Financial Advice (FOFA) measures.
"The markets are beyond our control. FOFA will be FOFA and we are very much pro-FOFA and proactively embracing it," he said.
"I think the challenges we're going to face is really going to come down to adviser level."
In light of an unsteady market, ensuring and constantly refining compliance matters is also key for Patron. Its approved product list sidestepped business-type failures following the global financial crisis.
"But nevertheless, it has kept us aware that these issues do come up and we have to make sure we deal with them correctly," Hasib said.
