BFS Wins major industry award
1 November 2011
Boyce Financial Services (BFS), the financial advisory division of Boyce Chartered Accountants, was recently awarded the prestigious “Lonsdale Associate of the Year” award.
Lonsdale Financial Group supports a network of more than 100 financial planning practices and 250 financial advisors from across Australia. The “Associate of the Year” award is bestowed annually to a practice judged on continuous business growth and success over the preceding 12 months.
In presenting the award to BFS, Mario Modica CEO of Lonsdale, acknowledged the rapid growth and success of the relatively young business.
“It is an outstanding achievement for a practice to receive this award having only been in business for 3 years”, said Mr Modica.
The award recognised the success of BFS in terms of revenue growth, positive compliance audit ratings, continual knowledge improvement through participation at forums and professional development days, and alignment to Lonsdale network values.
Lindsay Garnock, Director of BFS (pictured at right middle with Mario Modica CEO Lonsdale on left and Andrew Rutter—Head of Distribution Lonsdale on right), said that much of the growth of the business has been due to clients being attracted to the ‘fee for service’ model offered by BFS where clients pay an agreed amount per annum not a percentage of funds under management.
Fee for service pricing will become obligatory for all financial planning businesses under the recently announced FOFA (Future of Financial Advice) reforms.
“Our commitment to client care and to a transparent and fair pricing structure has helped the business grow,” said Lindsay.
“We took the industry lead in setting a ‘fee for service’ pricing model and will continue to explore other ways to ensure our clients receive the best advice and service possible.”
The Lonsdale “Associate of the Year” award is just another string in the bow for BFS – earlier in the year Elizabeth Timmins, senior superannuation strategist with Boyce was awarded the “Best Practice Award 2011” by the SMSF Professionals’ Association of Australia (SPAA).
Lindsay Garnock, Elizabeth Timmins and Boyce Financial Services Pty Limited are Authorised Representatives of Lonsdale Financial Group Limited, ABN 76 006 637 225, AFS Licence No. 246934.