|
|
Latest Headlines
Greenslade looks to establish franchise network
Financial planning firms will have to get bigger to survive in the future, Wealthy and Wise principal David Greenslade says.
Wednesday, November 4th 1998, 12:00AM
by Philip Macalister
Small and medium sized financial planning firms will have trouble surviving in the future, Wealthy and Wise principal David Greenslade says.
Firms like his, which has nine advisers and pulls in about $30 million in funds a year, need to significantly expand to survive.
"Our organisation won't survive into the future. I need millions of dollars poured into my organisation to take it to that next step," he says.
Greenslade says he is looking to establish a nationwide, franchised chain of advisory firms to move forward. This network is likely to have the backing of a major funds management firm as the buyer of last resort, he said at the recent New Zealand Financial Advisers conference.
Greenslade says as the marketplace become more competitive, and firms start to look the same there is a need for brand dominance. Successful firms will need to be part of a national if not global network, he says.
Firms that join up with his proposed chain will have benefit from a strong brand and marketing campaign, they will have access to technology and business systems.
Greenslade says technology will be a given for planning firms and the key to success will be in the marketing and relationships.
The chain will target baby boomers and will be suited to people who want to grow their businesses.
Greenslade believes franchising, while not new to financial planning, is the way forward.
When asked why he is going down this track he says: "I have always had the philosophy that if you are not constantly moving ahead and right up at the forefront some young whipper snapper is going to come and bite you in the backside and you are going to start falling behind.
"You can never stop in this industry. You have got to keep going faster than ever before," he says.
Commenting is closed
|
|
News Bites
Latest Comments
Subscribe Now
Previous News
-
Monday, June 3rd, 6:14AM
FANZ addressing industry shortcomings with best-practice examples
-
Saturday, June 1st, 3:38PM
A good week for advisers - except one
-
Friday, May 31st, 6:45AM
CoFI change would give FMA power of onsite inspection without warning
-
Friday, May 31st, 6:00AM
Fixed income head named in assault case
-
Thursday, May 30th, 5:00AM
Out Now: FAP report card
-
Wednesday, May 29th, 6:23AM
Simplicity Living completes new homes, thematic fund ramps exposure
-
Tuesday, May 28th, 6:18AM
[GRTV] Public aware that ignoring climate change is ignoring investment risk
-
Friday, May 24th, 6:00AM
Govt looks to shake up disputes resolution schemes
MORE NEWS»
Most Commented On
Mortgage Rates Table
Full Rates Table | Compare Rates
Lender |
Flt |
1yr |
2yr |
3yr |
AIA - Back My Build |
6.19 |
- |
- |
- |
AIA - Go Home Loans |
8.74 |
7.14 |
6.75 |
6.39 |
ANZ |
8.64 |
7.74 |
7.39 |
7.25 |
ANZ Blueprint to Build |
7.39 |
- |
- |
- |
ANZ Good Energy |
- |
- |
- |
1.00 |
ANZ Special |
- |
7.14 |
6.79 |
6.65 |
ASB Bank |
8.64 |
7.14 |
6.75 |
6.39 |
ASB Better Homes Top Up |
- |
- |
- |
1.00 |
Avanti Finance |
9.15 |
- |
- |
- |
Basecorp Finance |
9.60 |
- |
- |
- |
Bluestone |
9.24 |
- |
- |
- |
Lender |
Flt |
1yr |
2yr |
3yr |
BNZ - Classic |
- |
7.14 |
6.79 |
6.65 |
BNZ - Green Home Loan top-ups |
- |
- |
- |
1.00 |
BNZ - Mortgage One |
8.69 |
- |
- |
- |
BNZ - Rapid Repay |
8.69 |
- |
- |
- |
BNZ - Std, FlyBuys |
8.69 |
7.74 |
7.39 |
7.25 |
BNZ - TotalMoney |
8.69 |
- |
- |
- |
CFML Loans |
9.45 |
- |
- |
- |
China Construction Bank |
- |
7.09 |
6.75 |
6.49 |
China Construction Bank Special |
- |
- |
- |
- |
Co-operative Bank - First Home Special |
- |
6.79 |
- |
- |
Co-operative Bank - Owner Occ |
8.40 |
6.99 |
6.79 |
6.65 |
Lender |
Flt |
1yr |
2yr |
3yr |
Co-operative Bank - Standard |
8.40 |
7.49 |
7.29 |
7.15 |
Credit Union Auckland |
7.70 |
- |
- |
- |
First Credit Union Special |
- |
7.45 |
7.35 |
- |
First Credit Union Standard |
8.50 |
7.99 |
7.85 |
- |
Heartland Bank - Online |
7.99 |
6.89 |
6.55 |
6.35 |
Heartland Bank - Reverse Mortgage |
- |
- |
- |
- |
Heretaunga Building Society |
8.90 |
7.60 |
7.40 |
- |
HSBC Premier |
8.59 |
- |
- |
- |
HSBC Premier LVR > 80% |
- |
- |
- |
- |
HSBC Special |
- |
- |
- |
- |
ICBC |
7.85 |
7.05 |
6.69 |
6.59 |
Lender |
Flt |
1yr |
2yr |
3yr |
Kainga Ora |
8.64 |
7.79 |
7.39 |
7.25 |
Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
Kiwibank |
8.50 |
7.99 |
7.79 |
7.55 |
Kiwibank - Offset |
8.50 |
- |
- |
- |
Kiwibank Special |
- |
6.99 |
6.79 |
6.65 |
Liberty |
8.59 |
8.69 |
8.79 |
8.94 |
Nelson Building Society |
9.00 |
▼7.65 |
▼7.25 |
- |
Pepper Money Advantage |
10.49 |
- |
- |
- |
Pepper Money Easy |
8.69 |
- |
- |
- |
Pepper Money Essential |
8.29 |
- |
- |
- |
Resimac - LVR < 80% |
8.84 |
8.09 |
7.59 |
7.29 |
Lender |
Flt |
1yr |
2yr |
3yr |
Resimac - LVR < 90% |
9.84 |
9.09 |
8.59 |
8.29 |
Resimac - Specialist Clear (Alt Doc) |
- |
- |
8.99 |
- |
Resimac - Specialist Clear (Full Doc) |
- |
- |
9.49 |
- |
SBS Bank |
8.74 |
7.74 |
7.29 |
6.59 |
SBS Bank Special |
- |
7.14 |
6.69 |
5.99 |
SBS Construction lending for FHB |
- |
- |
- |
- |
SBS FirstHome Combo |
6.19 |
6.14 |
- |
- |
SBS FirstHome Combo |
- |
- |
- |
- |
SBS Unwind reverse equity |
9.95 |
- |
- |
- |
Select Home Loans |
9.24 |
- |
- |
- |
TSB Bank |
9.44 |
7.79 |
7.55 |
7.45 |
Lender |
Flt |
1yr |
2yr |
3yr |
TSB Special |
8.64 |
6.99 |
6.75 |
6.65 |
Unity |
8.64 |
6.99 |
6.79 |
- |
Unity First Home Buyer special |
- |
6.55 |
6.45 |
- |
Wairarapa Building Society |
8.60 |
6.95 |
6.85 |
- |
Westpac |
8.64 |
▼7.84 |
7.35 |
▼6.99 |
Westpac Choices Everyday |
8.74 |
- |
- |
- |
Westpac Offset |
8.64 |
- |
- |
- |
Westpac Special |
- |
▼7.24 |
6.75 |
▼6.39 |
Median |
8.64 |
7.19 |
7.27 |
6.65 |
Last updated: 28 May 2024 11:21am |
|
|