When deciding on the right licensee, you need a group that really understands the challenges of operating an advice business.
Owning a financial planning firm is exceptionally challenging. Compliance obligations, the Royal Commission and a lack of industry direction have taken their toll on owners, staff and clients. We understand the challenges you are facing.
We understand you are business owners
You are responsible for your business, profitability, staff and strategic direction.
You are seeing dramatic increases to your cost to serve.
You want to grow your business.
We know you are committed to advice
You have exceptional client relationships.
The current advice landscape makes the advice process difficult and lengthy.
You are committed to education and maintaining professional standards.
We appreciate that change is taking its toll
Compliance and regulatory requirements are becoming more difficult to meet.
It’s challenging to continue to inspire staff in the current environment.
Uncertainty makes it more difficult to make business decisions.
All this change takes your focus away from your clients.
We know that you want a fresh start
You want an environment where your practice can achieve its potential.
You need support in the regulatory and educational process.
You want digital to play a strong part in the advice process.
We know that you value community
Being part of an inclusive and supportive environment is important to you.
You want to share and contribute freely with like-minded peers.
You want a licensee that understands and supports advice.
Reasons Viridian Select is different from other licence groups
Viridian Select is a different kind of licence group. There are a range of factors that make us different from most other licensees in the Australian market:
1. Run by advisors for advisors.
We are backed and supported by an advice led business in Viridian Financial Group Limited (Viridian).
2. Benefit from scale without the institutional overlay.
This is delivered through total integration with the broader Viridian business.
3. Market leading investment and research offerings.
Viridian Select has direct access to Viridian’s investment specialists, research and Approved Product List development.
4. Compliance by design.
We have a long-term, demonstrated commitment to leverage process and technology as an advice enabler.
5. A commitment to community.
You are part of the Viridian family and participate in state-based forums and conferences.
6. Have a seat at the table.
You have the opportunity to be involved in our Research Investment Committee, Compliance Committee, Technology Committee and Principals Forum.
7. Deep practice management support.
You can benefit from our experience to prepare and grow your business.
8. Friendly support from high quality staff.
Our experienced team understands your operating environment.
9. High quality partners.
Our selective screening ensures all firms meet our high standards so that your reputation is protected.
The process for joining Viridian Select
There are three stages to joining Viridian Select.
Our team will work with you at every stage.
Stage 1: Expression of Interest
- Complete an Expression of Interest by emailing us at enquiries@viridianselect.com.au
- We will contact you to discuss this and give you an overview of our process
Stage 2: Capability session
- If we believe you are a good cultural fit, you will be invited to participate in a capability session with us
- We will have a 90 minute question and answer session with your team that covers technology, advice and process
Stage 3: Due diligence
- We will undertake a due diligence process on your practice and approved representatives
- This will include an impact assessment to understand your practice priorities and culture
What does Viridian Select look for in the due diligence process?
The Viridian Select due diligence process is focused on seven primary areas:
Viridian Select operates a transparent and easy to understand fee model
The Viridian Select fee model is transparent and based on:
- Practice Fees that cover the running of the licence
- Authorised Representative Fees that cover specific costs related to running the business
- Ancillary Fees that cover any extra services a business requires
Viridian Select offer a comprehensive set of services within its practice fee including:
- Ongoing education through Kaplan
- Advisor and practice supervision including access to compliance training and reviews
- Technical support
- Advice documentation
- Professional indemnity insurance
- Practice branded research
- Investment research on managed funds and equities
- Access to a professional Chief Investment Officer and their team
- Company brokerage collection
- Technology for approved representatives (XPLAN)
- Professional development days and masterclasses
Firms that require additional support or resources can also access:
- XPLAN modules for non-approved representative staff at cost
- Separately Managed Account management and application
- Managed Discretionary Account management and application (only if appropriate accreditation and Licensee approval is obtained)
- Marketing support