As a collaboration of advice practices, the Australian Advice Network, do not have shareholders in the background seeking a return from the group. This means the core purpose of the group is simply to share resources and build our service offering to provide excellent advice. As such we are advocating for our clients and can pass on any savings we negotiate for our clients.
AAN is a fees based licensee* with all fees agreed and signed off by our clients.
*Some existing clients and insurance clients may be on a commission structure
AAN believes strongly in education as a key mitigation in reducing inappropriate advice. To ensure our advice is at a high professional standard for our clients AAN has very specific minimum experience and training standards for Advisers and any new entrants.
All advice giving directors of AAN are Certified Financial Planners. New entrants must hold a relevant degree, plus industry training and 3 years of mentored development before they can deal directly with their own clients and that will be based on approval from the Compliance committee.
Diverse ongoing education will be provided and AAN has the authority to suspend Advisers if they are not meeting the minimum requirements.
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