My Dealer Services (MDS) has recently announced a strategic partnership with Colonial First State (CFS) to enhance educational support for its network of over 400 financial advisers. This collaboration grants MDS access to CFS’s FirstTech technical services team, renowned for its expertise across various advice areas. The move underscores MDS’s commitment to bolstering its member network’s capabilities and offerings to drive growth.
In the realm of self-licensing, MDS has emerged as a prominent player, assisting a significant portion of Australian financial advisers who transitioned to self-licensing in 2024. With a strong focus on expansion, MDS aims not only to increase its adviser base in 2025 but also to elevate its support services for network members. This educational partnership with CFS represents a key milestone in MDS’s efforts to provide cutting-edge technical resources to its advisers.
Through the collaboration, MDS adviser members will gain access to a wealth of online technical references and strategy guides covering vital areas such as superannuation, tax, self-managed super funds, aged care, social security, and estate planning. Additionally, they will benefit from CFS FirstTech’s array of educational resources, including podcasts, webinars, monthly bulletins, and client-friendly fact sheets.
Chris Mather, CFS Business Executive Director of New Business, expressed enthusiasm for the partnership, emphasizing the shared goal of empowering advisers to deliver exceptional outcomes for their clients. MDS Director and Founder, Alexander Euvrard, highlighted the significance of this collaboration in enriching the support services offered to adviser members, underscoring MDS’s dedication to value addition beyond the self-licensing process.
Ashley Mahadeea, MDS Head of Strategy, reiterated the company’s commitment to sourcing top-tier providers to assist advisers efficiently, enabling them to focus on client-centric practices. The emphasis on delivering tailored solutions and innovating support services reflects MDS’s proactive approach to meeting the evolving needs of adviser groups.
In addition to the partnership with CFS, MDS has forged alliances with industry leaders like Claras, a Fintech company offering AI-driven software tools for enhanced client engagement. Moreover, MDS has introduced a paraplanning and administration service in collaboration with Broker Support Global (BSG) to facilitate seamless Statement of Advice (SOA) creation for its members.
Furthermore, MDS has launched the MDS Licensee Compliance Portal, providing members with a centralized platform to stay informed about compliance requirements and industry updates. This initiative underscores MDS’s commitment to equipping advisers with the necessary tools and resources to navigate regulatory complexities effectively.
As MDS continues to expand its suite of services and support offerings, the company remains steadfast in its mission to empower advisers in running their practices efficiently and putting clients at the forefront of their operations. Through strategic partnerships and innovative solutions, MDS is poised to play a pivotal role in shaping the future landscape of financial advisory services.
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