RI Advice Group’s proprietors advisory council (PAC) has supported the dealer group’s proposals for advisers stemming from a recent business review.

The proposals include new adviser agreements, pricing and fee structures as well as an updated administration platform.

RI Advice Group CEO Paul Campbell says extensive consultation was held between the council and management over the new proposals.

“The council has provided valuable input to the recent review of the business and its support was essential in getting the review recommendations embraced by a majority of our practices,” he said.

“The advice and feedback to management is now embedded into the workings of our business and reflects our strong commitment to a collaborative culture.” 

PAC Chairman Brett Schatto says the discussions have led to greater support from management to tackle and solve key issues affecting the network.

“Management has listened to our concerns and worked with us on solutions,” he said. “We now see ourselves as a co-operative of small business people in a joint venture for the benefit of our clients.” 

Mr Schatto says the restructuring of adviser agreements has removed any potential for conflicted remuneration.

“RI has provided us with enablers so that we are now in a position where we are more than ready for Future of Financial Advice,” he said.

“This means we can give good advice with efficient service that is competitively priced.”

Mr Campbell says the new offer to advisers has seen some former members of the Sydney-based dealer group return in recent months.

“We are now well on track to achieve growth objectives of at least one practice per month before September 30 this year,” he said.