The Salisbury Group says it has recruited 15 financial planners to its ranks since July 1, 2008, putting it ahead of expansion targets.

The firm’s chief executive, Mark Euvrard, says the GFC is a factor contributing to an increasing number of planners looking to leave dealer groups that cannot “respond to the growing demand for more realistic, affordable and flexible service and fee structures”.

“The economic downturn and its impact on revenue streams has resulted in a significant number of advisers seeking dealer groups with an uncomplicated service and support offering within a compliant environment, and this has been reflected in a growing number of enquiries and new appointments,” Euvrard says.

TSG is a subsidiary of AFS Group.

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