AIOFP partners with moneyGPS on single issue | Australian Markets

The Association of Independently Owned Financial Professionals (AIOFP) has cut one other business deal, this time a partnership with digital advice fintech, moneyGPS Advice.

The AIOFP informed its members on Monday that the partnership “ensures members can leverage new technology by working with an Australian owned FinTech (with both domestic and international clients) that understands advice, delivers it under its own AFSL, and provides a full turn-key solution to help future proof your business by helping you service all client segments”.

“Through this partnership, the AIOFP can support members to take the lead in delivering digitally supported Hybrid-Advice services, which ensures that all relevant client cohorts have access to affordable single topic advice delivered under the moneyGPS AFSL (247344),” the message to AIOFP members mentioned.

Describing how the association will work, the message mentioned that AIOFP members utilizing the service would kind a referral relationship with moneyGPS to offer reasonably priced digital single subject advice issued below its AFSL, “with the client ownership being retained by the AIOFP member”.

“Designed for the 90% of Australians who cannot afford comprehensive advice, moneyGPS enables AIOFP members to deliver a fully white-labelled digital solution customised for their business (including their own internal financial and advice services) to specific client groups (i.e., non-advised, groups with low balances, insurance only, millennials etc),” the message mentioned.

“The solution will also provide members AFSLs the ability to better engage and scale their referral partner relationships.”