Horizontal collaboration takes place of vertical integration
Vertical integration in financial advice is dead – or it should be – but horizontal collaboration is emerging in its place. The Licensee Summit heard how a tie-up between BlackRock, Lonsec and AMP promises to open access to robust and professionally managed SMAs even for small advice practices, while avoiding the conflicts identified by the Hayne royal commission, and in the face of a looming regulatory focus on SMA performance.
2024 Licensee Summit