|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, August 14th, 7:08PM


Latest Headlines

Insurance advisers agree to share

Financial advisory group Apex Financial is the latest risk-based firm to consolidate under a tighter corporate structure with the launch of its new brand, Share, this week. Bronwyn Shanks, the recently-appointed general manager of Share, said 36 advisory businesses have signed up to the new brand, which was officially structured in January this year.

Tuesday, July 15th 2008, 9:49AM
Over the last year or so a number of other insurance advice groups such as Triplejump and Liberty have also formed more professional business structures - partly to prepare for regulation but also to deliver enhanced services to advisers.

According to Shanks, Share has more meat to its offer than simply an aggregation group with advisers promised services such as marketing, technology - including plan-writing and CRM tools, as well as free education and ongoing training. While Share has negotiated preferred supplier agreements with ING, Sovereign, Asteron and AIG, Shanks said advisers are free to use other insurers to suit client needs.

"We don't have any volume agreements - although we have internal levels we'd like to hit," she said. "We are fiercely independent."

Share has also recently formed an investment committee, with a view to negotiating better deals with providers. The group is primarily an insurance advisory firm but approximately 30% of its advisers also offer investment services.

Shanks said its technology tools could also be geared towards investment advisers.

All advisory firms in the network will change signage to the Share brand over the next few months.

"A lot of advisers understand the value of a brand - what a strong brand can do to the bottom line and also to goodwill value when they look to exit. We know Share's membership will grow quickly," she said.

Share - which carries the tagline 'growth through knowledge' - is understood to be housed under the AFSG 2008 corporate entity whose directors include Anthony Dowell, Lisa and Mark Cocks, Edward Isaacs, David Mather and Graeme Shanks.

« Insurance boosts mortgage businessTax changes mean higher premiums »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Insurance Briefs

Insurer nib backs Ronald McDonald House with $20k investment
Health insurer nib New Zealand and its nib foundation have lent support to Ronald McDonald House Charities.

Less stressed during lockdown
New Zealander’s health and wellbeing had surprising benefits from the Covid-19 lockdown.

Southern Cross supports new safe haven for at-risk pets
Southern Cross Pet Insurance has teamed up with Pet Refuge to provide temporary shelter for animals affected by family violence.

nib Foundation supports Lifeline to the tune of $150,000
To support the growing mental health needs of Kiwis emerging from the Covid-19 pandemic, Lifeline Aotearoa has increased its service capacity thanks to a $150,000 grant from nib foundation, the charitable arm of nib New Zealand (nib).

News Bites
Latest Comments
  • a2: could the milk be starting to turn?
    “Great Fundemental look.I guess in the ASX50 . as long as Aussies still love buying the Dip..its no worries Graeme Adams...”
    1 day ago by Graeme33
  • It starts with governance
    “Hi David and thanks for your words also. I did read the FMA stuff before the post and also in my first response mention...”
    1 day ago by gavin austin adviser business compliance
  • AMP reports profit drop amid 'solid' result
    “Sadly, AMP is becoming less and less relevant. Apart from this tiny blip of positive cash inflow, they've been bleeding clients...”
    1 day ago by Contrarian
  • It starts with governance
    “Good words Gavin - might also mention the FMA publication -”
    1 day ago by dcwhyte
  • It starts with governance
    “adviser1 - go talk to Partners Life. they have a great tool to help with this sort of stuff. ...”
    1 day ago by Tash
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and