Synchron responds to LIAWG interim report

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Synchron Director, Don Trapnell says the findings of the interim report for the Life Insurance and Advice Working Group (LIAWG) established by the Association of Financial Advisers (AFA) and the Financial Services Council (FSC) (the Interim Report) while not surprising are disappointing. “Regrettably, I believe the Interim Report fails to adequately take into consideration the […]

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Grandfathering deal removes legislative handcuffs from advisers

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Synchron Director, Don Trapnell is calling the deal struck by the Government and Opposition last week, which will deliver relief on the Grandfathering provisions of the Future of Financial Advice (FoFA) legislation before the end of the year, a victory for advisers. “The unintended consequence of FoFA that prevented advisers from moving between Licensees because […]

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Disallowance of FoFa amendments handcuffs advisers

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Hotel California-type legislation around Grandfathering, reinstated by the disallowance of the Future of Financial Advice (FoFA) Amendments this week, means advisers are now shackled to their existing licensees, according to Synchron Director, Don Trapnell. Mr Trapnell says the financial services industry, one of Australia’s largest employers, is now stuck in limbo. “We now have, embodied […]

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Synchron: Advisers must embrace technology

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In order to deliver advice that meets the needs of increasingly demanding clients and which meets more stringent compliance obligations, advisers must embrace technology, according to Synchron Director, Don Trapnell. “Effective use of available technology is now critical in all aspects of the advice business,” Mr Trapnell said. “Using technology in the client engagement and […]

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Synchron: Simply the best

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Leading non-institutional licensee, Synchron, has attributed its outstanding growth, from 28 authorised representatives, turning over $2.5 million in business in 2002 to over 300 authorised representatives, turning over $40 million today, to an inclusive culture and a mission to provide its advisers with simply the best. Speaking at Synchron’s Simply the Best national conference in […]

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Synchron and Lander & Rogers rally to protect the livelihood of financial advisers

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Leading licensee, Synchron and respected law firm, Lander & Rogers are rallying to protect the interests of Australian financial advisers by seeking amendments to the Corporations Law Act (the Act) to allow financial advisers to receive payments directly from providers. “As it currently stands, the Act imposes a particular business structure on financial advisers when […]

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Synchron: Beware the pre-nup

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In an attempt to build a fence around their authorised representatives, some licensees are still making their advisers sign agreements which will force them to pay run-off professional indemnity (PI) cover premiums should they ever wish to leave. “Advisers are being widely courted by licensees offering them, in many cases, huge incentives to join,” says […]

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Launch of Synchron Medical

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At the recent Synchron national conference, Synchron Director, Mr Don Trapnell, was excited to announce the launch of Synchron Medical. “Currently, if an adviser needs to arrange medical investigations for a client, they coordinate this using a pathology service via the underwriter” Mr Trapnell said. “While this may be an efficient process, it can leave […]

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Synchron’s Finn Kelly takes out Money Management’s Young Achiever award

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Finn Kelly, CEO of Wealth Enhancers, a Synchron-aligned financial advice practice based in Victoria, has won the Money Management Young Achiever of the Year Award 2012 (the Award). The Award recognizes outstanding young individuals in the financial advice arena. Synchron Director Don Trapnell said “Mr Kelly is truly deserving of the Award. “On behalf of […]

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Technology for the adviser toolkit

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A number of technology business tools now available to advisers are helping to streamline the process of delivering financial advice, according to Synchron Chair Michael Harrison. Speaking at the Association of Financial Advisers (AFA) road show in Sydney last week, Mr Harrison said that any investment in technology must either improve the efficiency of the […]

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