IRIS grows by 20 percent as it welcomes new planning business

IRIS Financial Group, the recently established dealer group formerly part of the RetireInvest network has announced that it will be joined by Retirement Tasmania, the long established former RetireInvest franchise in Hobart. In a deal that will add 20% in funds under advice to the IRIS group, Retirement Tasmania will join the existing IRIS dealer group from the 1 July 2005. The combined group will have over 30 authorised representatives and in excess of $1.3 billion funds under advice adding to its existing strong position in the independent financial planning market. Commenting on this deal Alan Harrison CEO of IRIS said We are delighted with the progress IRIS has made since launch and this deal builds on the strength of the group. We have been extremely encouraged by the retention of clients over this period and with a transition rate of around 95% believe our clients are firmly committed to the new business. I am therefore very pleased to welcome Scott Donoghue, Glen Penno and Jeff Doyle and their team to the IRIS group. The success of IRIS to date can be attributed to the support and co operation of its Principals and Advisers, the vote of confidence registered by its clients and the dealer services and support received from SEALCORP. We are looking forward to building on our current success and developing as one of the top boutique financial planning groups in Australia. Scott Donoghue, Principal at RetireInvest Hobart said Our commitment is to provide the best possible financial planning and advice services to our clients to ensure they achieve their investment, retirement, income and superannuation goals. We have recently assessed our market and decided we needed to develop our business and identified IRIS as the preferred partner to enable us to achieve this. We are therefore delighted to be working with Alan, IRIS and with the support of SEALCORP we look forward to developing our business and providing the very best in financial advice to our clients. Commenting on the enhanced group Geoff Lloyd CEO of SEALCORP said As strong advocates of advice we are delighted to see the growth at IRIS. This is a reflection of the strength of the business that IRIS has built and we are pleased to have played a part in the success story at IRIS and the further development of the financial planning market.

Category: Banks & Financial Services

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