Fixed income broker FIIG Securities has expanded its business to exclusively service financial advisers, offering dedicated products, services, research, and consultation to help them review the role of Fixed Income in their practices.
Head of Intermediary Sales Grant McCorquodale said FIIG Adviser Services would take a new approach that would encourage advisers to reconsider how they used bonds and term deposits in client portfolios.
“We see overseas investors having larger allocations to fixed income, up to 25% for pre-retirees, and the advisers we talk to understand the importance of these levels of allocations,” Mr McCorquodale said.
“FIIG Adviser Services is being established to help advisers as they rethink their clients’ fixed income, and we are here to assist with education, marketing insights and a range of products and services which are supported with comprehensive adviser reporting and administration.”
Mr McCorquodale said FIIG had established FIIG Adviser Services to support a modern approach to Fixed Income and to review how it could be easily integrated into financial advisers’ practices.
“We provide advisers the means to administer and report on client investments in a way that delivers genuine practice efficiency and time savings but, crucially, we offer this within the frame of direct ownership of true defensive assets,” Mr McCorquodale said.
“This means that timely, predictable and controlled investment income is waiting for clients via what is essentially, for advisers, a plug-in service.”
Mr McCorquodale said that FIIG was focused uniquely on Fixed Income so it was able to deliver at a higher level than other providers within its specialisation.
“We have done a lot of work on an update of products that extract new market opportunities like access to institutional investments for eligible investors and a Managed Income Portfolio Service with a choice of investment strategy,” Mr McCorquodale said.
‘We are asking advisers to look again at Fixed Income and consider how new products and a changing client profile might warrant a new approach.”
FIIG Adviser Services provides a comprehensive full service offering across products, platform, education and technology to enhance and improve the experience in sourcing and managing term deposits and bond investments.
FIIG was founded in 1998 and since then has grown Australia’s largest book of Term Deposits and bonds. Its focus on financial advisers continues to grow with wide adviser access to its services through the Class, SuperiQ and IRESS platforms.
FIIG Securities Limited, which is licensed by ASIC, is Australia’s largest specialist fixed-income dealer with more than $11 billion in term deposits and corporate bonds under advice in its short-term money market, bonds and custody business.