An enhanced remuneration model has successfully increased adviser professionalism and boosted client confidence, according to Financial Wisdom general manager Paul Barrett.
The dealer group eliminated conflicts of interest, offered planners a segmented access to services and streamlined pricing in its re-vamped payment structure laid out in October.
Preferential dealer splits, preferential business valuations and preferential remunerations were axed.
"Financial Wisdom is determined to build on its reputation as a premium dealer group in the Australian Financial Services market place by providing a partnership framework that enhances the professionalism of our advisers," Financial Wisdom general manager Paul Barrett said.
The new structure was developed in consultation with its advisers. Financial Wisdom has 420 advisers in 200 practices across Australia.
Its enhanced offer, Financial Wisdom Premium, includes business coaching, an extended approved product list, marketing and acquisition and merger assistance.
Financial Wisdom is committed to securing business longevity, increasing practice efficiency, revenue and profitability and increasing business value, Barrett added.
