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

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, June 21st, 6:39PM



Franks joins PAA board

Management consultant and former AIA head of distribution Darrin Franks has been added to the Professional Advisers Association board as an independent member.

Friday, September 4th 2015, 6:00AM

by Susan Edmunds

Franks said he had been working with the association for a number of years and felt he had skills to contribute.

“I have a great degree of passion for the industry.”

Franks said associations should be working closer together and with product providers to further the industry. “It’s a relatively small industry and it should be bigger. There shouldn’t be any such thing as channel conflict. Customers ultimately decide which channel fits their needs.”

Those who chose to work with an outsourced distribution model should do so on the basis that was an extension of themselves, he said.

The outsourced distributors should see their value proposition as enhancing what they could supply by way of advice and product to customers. “One can’t shine without the other.”

Franks said the mistrust of stakeholders in the industry was pulling it down. “Entities and individuals need to get over themselves and get on and get a bit more customer-centric. The rhetoric is around customer first but it doesn’t always live up to it.”

Concerns were not limited to advisers, he said.

For every problem a product provider pointed out, he said there would be an issue the providers were guilty of, too.

“Let’s just work together to improve it.”

He said there was a massive need for advice in New Zealand.

Tags: PAA

« Perpetual Guardian makes appointmentsSimon Fisher takes on CEO role »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend

Tuesday, July 23rd 2024
Brightstar 20th Annual Financial Markets Law conference

Tuesday, July 23rd 2024
Quotemonster Roadshow 2024 - Taupo

Wednesday, July 24th 2024
Quotemonster 2024 - Tauranga

Thursday, July 25th 2024
Quotemonster 2024 - Hamilton

Tuesday, July 30th 2024
Quotemonster 2024 - Auckland West

Wednesday, July 31st 2024
Quotemonster 2024 - Christchurch

Thursday, August 1st 2024
Quotemonster 2024 - Invercargill

Tuesday, August 6th 2024
Quotemonster 2024 - Auckland Central/East

Wednesday, August 7th 2024
Quotemonster 2024 - Napier
Hawkes Bay

Thursday, August 8th 2024
DigiMarCon New Zealand


News Bites
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
Site by Web Developer and