It’s brilliant to be closing the week so positively.  We’ve received many positive comments and congratulatory messages.  It’s heartening to have the broader financial services community supporting Clime’s acquisition of Madison.  Rod mentioned he’s had a similar response.  Importantly, your support and the way you’re choosing to embrace this opportunity is what matters the most to us.  Since the announcement, I’ve spent time with Rod, and Sarah Bolouri, the COO of Clime working through the next stages of our transition.  There are a few internal/head office logistics to work through, and based on the early conversations, I feel we are well supported.

As I mentioned yesterday, new ownership brings with it several logistical and regulatory requirements.  We have prepared for these and tomorrow we will share the support and resource infrastructure to assist your business with the changes required e.g. FSGs.  Once we know the contract execution date, a series of actions will trigger in preparation for the migration.  Key dates, timelines and important tasks will be communicated each day to ensure you have the information you need.  We have compiled a list of responses to questions you have raised, including the ones the Adviser Panel asked of Clime.   Please continue to ask questions so we gain an understanding of what’s on your mind.  I’d like to continue the transparent communication we’ve had throughout this process.

At 1pm tomorrow, Rod and I will be hosting another teleconference for those of you who couldn’t make the first session (CLICK HERE to register).  Anyone who wishes to join again is very welcome (or perhaps you’d like your teams to hear from Rod).  I understand there are a few advisers who couldn’t attend yesterday, nor can attend tomorrow.  Please email Bethany if this is you and we’ll provide an opportunity for you to speak with Rod.  We’re not recording the session as we would like the conversation to be open and allow you to ask questions freely.

It feels very good to be writing about the next stage of our business and our future.

Sincerely,
Annick

Practice Logo

In preparation for the transition, we are collecting a high-resolution version of each practice’s logo for the updated FSG. Please CLICK HERE to upload your practice logo.

 

Madison Investment Market Update

Please see this weeks Madison Investment and Insurance Committee update

PDF Version

Word Version

 

FASEA Education Requirements

Please remember to email your Statement of Results through to adviserservices@madisonfg.com.au so we can update your records on ASIC.
CLICK HERE for recent updates from FASEA about the changes to the exam schedule due to COVID-19

 

Good Governance Summit – July 2020

With the state of the world being what it is we are adapting how we deliver the Good Governance Summit to the community. Instead of a face to face 1 to 2 day workshop, we will be creating a virtual program across two weeks. Each morning from Monday 20 July through to Friday 31 July we will be presenting a different hour-long workshop that you and your team can participate in from the comfort and protection of your home. More information on the agenda, speakers, and software will be provided in the coming weeks. Please contact Bethany if you have any questions.

 

News and Events from our Industry

Netwealth’s latest special report: Next-generation advice needs, explore who the next generation of advice clients are. With many of the current advice services not developed to meet the different advice needs of Gen X and Gen Y clients, discover how you can develop an attractive offering for this market and how to effectively price and promote these services. Read the report.

Zurich/OnePath have developed _Zone an online education program, designed to guide you through the professional development you need as an adviser to meet the challenges of today and tomorrow. CLICK HERE to check out what is available.

OnePath Clarity Engage houses tools and white-labelled materials that advisers can use in their discussions with clients about the importance of insurance. This material includes customisable templates for flyers, newsletters and social media posts and the content covers five key areas:

1. The value of advice and insurance
2. Understanding premiums
3. Building confidence in claims
4. Reviewing your cover
5. Wading through complexity

 

Adviser Guide to Surviving in a Pandemic

CLICK HERE to read through the latest version of our guide to getting through the COVID-19 pandemic.

 

ASIC Updates

Please CLICK HERE to review the data ASIC is required to be updated on.

 

Revenue Services
The next revenue payrun will be processed on 1 May 2020.
OPEX has written handy guides for Madison users, available through Zen desk and the below links.

CommPay Reporting
Lodging and receipting an invoice.
Invoice Tracking Template
Xplan Navigation
Power BI webinar recording
Setting up referral arrangements in CommPay

CommPay and revenue queries – ATTN: Brokerage
support@opexconsulting.com.au

 

Discount Codes
FPA – When enrolling in any CFP unit let them know Madison is your licensee for a 10% discount.

Kaplan – PC-RID159. The promotional code for postgraduate study to meet FASEA requirements has been updated to MADFIMFP20. Make sure you enter this code to get the new pricing of $1,600 per subject.

 

Helpful Information

FASEA Website

Please use the below emails to contact our team.

annick.donat@madisonfg.com.au
jaime.johns@madisonfg.com.au
kerry.thomas@madisonfg.com.au
sophie.firminger@madisonfg.com.au
greg.dawes@madisonfg.com.au
kerry.fleming@madisonfg.com.au
andrea.theouli@madisonfg.com.au
bethany.wooster@madisonfg.com.au
adviserservices@madisonfg.com.au
investmentservices@madisonfg.com.au
advice@madisonfg.com.au