Telstra Super has most valuable planners in non-retail super sphere

Telstra Super Financial Planning has the most valuable financial planners in the corporate and industry super arena with high levels of funds under advice and funds under advice per planner.

The planning group currently has 36 financial planners with $9.28 billion in funds under advice for an average of $257 million of funds under advice per planner according to data gathered in the Top 100 Dealer Group Survey.

The level of funds under advice per planner was the highest level in the Top 100 survey, well ahead of planning groups operated by banks, fund managers and non-aligned planning groups.

Telstra Super Financial Planning was one of five financial planning groups run by industry and corporate superannuation funds that featured in the survey alongside State Super Financial Services, Industry Fund Services, First State Super Financial Services and RBF Financial Planning - the financial services arm of Tasmania's public sector superannuation fund.

The groups increased the number of financial planners offering advice to fund members from 336 to 357 with each planner dealing with an average of 256 clients. The five groups also had an average of $101 million in funds under advice per planner.

The highest ranking group by planner numbers was State Super Financial Services which has 184 planners, 55,900 clients and funds under advice of $13.3 billion. Industry Fund Services recorded 82 planners and fund under advice of $9.7 billion but did not supply client numbers.

First State Super Financial Services was the highest ranking group among the five for funds under advice for clients with an average of $500,000 while Telstra Super Financial Planning had an average funds under advice per client of $337,050.




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