RetireInvest has undergone a full-scale review of its business operations to establish a more strategic growth plan.
As part of the review, the ING-owned group will remove territory restrictions that align its existing financial planning franchisees to operating within designated postcodes.
“We’re yet to release all the details, but come 1 January different RetireInvest franchisees will be able to operate in the same territories,” RetireInvest chief executive Paul Campbell told InvestorDaily.
Under the firm’s current restrictions, no other RetireInvest business can set up or operate within the same location unless they have an agreement with the existing franchisee.
Campbell, who joined RetireInvest in February from Genesys Wealth Advisers, said the dealer group would continue to transition all practices to a fee-for-service model and focus on expanding its presence in risk insurance. Read on…