This follows the completion of the establishment phase of van Eyk Advice earlier this year. 

van Eyk chief executive Mark Thomas said industry consolidation driven by the buying up of independent advice groups appeared to have emphasised to advisers the value of a research-driven advice group not tied to a big institution. 

He said the results of a recent sounding of the financial planning community had been very encouraging and van Eyk Advice would step up its efforts to attract and engage with more advisers.  

“van Eyk Advice can fill a gap in the marketplace for a non-aligned advice group that develops and follows through on its own ideas,” Mr Thomas said. “It will be an attractive proposition to like-minded planners who are not comfortable being part of a large conglomerate,” Mr Thomas said. 

Among the advisers van Eyk spoke to, the most common reasons cited for being unhappy with their current dealer group were a lack of investment expertise, poor communication and a lack of practice management and support. 

Mr Thomas said van Eyk Advice, which currently has a small number of authorised representatives within a dealer group structure, was a natural evolution of the van Eyk brand and its core values, which centre on delivering quality investment research to financial planners and their clients and helping Australians secure their financial futures. 

He said van Eyk’s advantages for the client-focused adviser were its proven commitment to independent thought and integrity in investment research, a strong brand name, freedom from institutional ownership and the comprehensive suite of products and services available to advisers to assist them in servicing their clients. 

“van Eyk Advice offers financial advisers the opportunity to work with a respected brand which is committed to pursuing its own path and has a history of putting investors first,” Mr Thomas said.  

van Eyk Advice also offers advisers professional development and practice management expertise through van Eyk’s wholly owned subsidiary, The Encore Group. Encore has been at the forefront of assisting Australian planners build sustainable businesses compliant with the Future of Financial Advice reforms. 

The development of van Eyk Advice has no impact on van Eyk’s existing clients and services. van Eyk will continue to provide the same high quality and level of service to all its valued clients in the financial planning industry, including institutionally owned dealer groups, independent dealer groups and boutique advisers.

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