GPS Wealth wraps up stellar financial year with national conference and advice awards

on 21 July 2016
Created: 21 July 2016

GPS Wealth handed out 10 advice awards in total at the group’s third annual conference in July including Accounting Practice of the Year to SDE Accounting and Risk Practice of the Year to Stream Financial, both located on Queensland’s Sunshine Coast.

Over 210 delegates attended the ‘Peak Performance’ conference, capping off a stellar 2015/16 Financial Year in which the group experienced strong revenue growth per practice and saw a record number of accounting practices and referral partners join the network.

GPS Wealth director Greg Holman also announced a number of key advice initiatives to be rolled out over the next 12 months plus the launch of the new GPS Wealth Foundation which will raise money for selected charities.

“There are many exciting developments and opportunities in the independently-owned licensee space which GPS Wealth is strongly positioned to take advantage of,” he said.

“Our focus is to deliver even greater value to our advisers and that will see us launch a number of innovative practice management and compliance tools this quarter to drive practice efficiency and automation. We want to ensure that our advisers are fully equipped and supported to build successful businesses.”

Mr Holman cited the removal of the accountants’ exemption on July 1 as a significant contributor to GPS Wealth’s success in the past 12 months, adding that it would continue to provide opportunities for GPS Wealth to partner with accounting practices looking for a flexible licensing solution under ASIC’s new regulatory regime.

“We were extremely pleased to welcome a number of exceptionally high quality accounting and advisory practices this year,” he said.

“A number of the advisers who joined us came from institutional dealer groups. They were impressed with our advice processes and client engagement tools, and they wanted to partner with a non-aligned, client-centric licensee for the long term.”

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