Centrepoint launches online application portal for new advisers

Centrepoint Alliance has launched a new online application portal to dramatically improve and streamline the transition process for new advisers applying to join the Centrepoint community.
According to Karen Machovsky, Head of Advice Services at Centrepoint Alliance, the new portal enables advisers to transition more quickly and easily than previously possible.
“Moving from one dealer group to another is a really arduous process, with all sorts of regulatory issues to be considered, as well as lots of paperwork,” Karen said.
“We thought long and hard about what we could do to reduce the burden on the transitioning adviser, as it can be a real barrier to exit for those considering a dealer group move.
“The first thing we did was to assign a dedicated practice transition coordinator to advisers looking to move. Their role is to assist the adviser and their firm through the process.
“The second thing was to create a user-friendly online portal to minimise the laborious paper-based process. All the information required through data input only needs to be entered once, as it is repopulated into any subsequent forms if the adviser is successful in their initial application.
“It ensures data is consistent, reducing the possibility of error in the process, and revenue is transferred smoothly and securely.”
Moving dealer groups requires the adviser’s clients to transition to the new licence as well. To further alleviate the pressure on advisers when transitioning, Centrepoint Alliance will contact every product provider to let them know of this change, following up to ensure completion.
“Our message to advisers is, if you are thinking about leaving your current dealer group but are daunted by the whole process, we have an easy streamlined process and a dedicated person who will guide you through it,” Karen said.
“This means the transition is quicker, with minimal loss of income and minimal business disruption, while still retaining the quality of due diligence we require.”

SOURCE: Centrepoint Alliance