Alex Tullio
Viewpoint with John Billington

Alex Tullio
Head of Advised Sales, IOOF

Welcome to the October edition of @dviser Magazine.

Hi everyone,

As you are no doubt aware, this has been a year of immense change for IOOF!

As a result of merging with Australian Wealth Management (AWM) and purchasing IOOF Global One (formerly Australian Skandia), the newly combined IOOF Group now has in excess of $20bn in platform business, more than $87.8bn in FUMA and looks after over 760,000 investors.

So what does all this mean for our advisers?

  • We are now the biggest non bank-aligned platform and service provider in Australia, as well as being wholly Australian-owned.
  • We are committed to strengthening and continuing to grow our commitment to an adviser based distribution model. Our distribution model is absolutely adviser-focussed.
  • Our combined Group now has an even greater range of products and services on offer to you and your clients. One such new service is the Private Super Fund (PSF), our small APRA fund offering which enables you to offer your clients a small superannuation fund solution without the burden of trustee responsibilities. (We will introduce these new products and services in future issues of @dviser, but if you would like to know more in the meantime, don’t hesitate to contact myself or your BDM.)

As you can imagine, there will be further change to product suites as we continue to rationalise and streamline the business. Nick Everingham and his team are working hard to deliver these changes and we will certainly keep you up to date as to when these are likely to occur.

Pursuit

In the meantime, Pursuit continues to grow, and the most recent upgrade – the introduction of a Direct Share capability, has been well received by our advisers, with many of you already taking advantage of the new system.

We are certainly seeing an upward trend in our net sales numbers, indicating, it seems, a gradual return of investor confidence.

On behalf of IOOF, I want to reiterate to you how important you, your feedback and support are to our business.

It is particularly important during periods of change to keep communication lines open and the feedback coming!

If you have any comments, queries, ideas or feedback, please feel free to contact me on
03 8614 4881, or email me directly.

We hope you enjoy reading this edition of @dviser Magazine!

Kind regards,

Alex Tullio