Ann: CBA Update and Key Intiger Appointment, page-75

I am a FP working in a business that holds their own AFSL.

IAM would have to grow exponentially to even come close to having the capital to take over just one the FP businesses of the big 4. It just isn't going to happen.

This is before you consider that many FP practices are small business that are owner operated but use a larger entity as a dealer group and operate under their AFSL.

IAM do back office processing that streamlines the advice process, they don't do any advice it is a big difference. IAM make things more efficient they don't replace the advice provider.