Press Release - Storm Acquisition

Wednesday 10th June 2009, 4.00pm

Financial Index Australia Pty Ltd today announced it was the purchaser of the remainder of the Storm Financial Planning client book from KordaMentha, the liquidators of the company.

Financial Index hold the view that at the heart of the failed Storm business sit  a large number of very unfortunate clients who are simply everyday people with everyday financial needs and objectives.  They  deserve sensible, common-sense advice with their investment, superannuation, estate planning and life insurance.  Financial Index is a service oriented organisation committed to restoring basic value to these clients.

With offices throughout Australia and harnassing its unique service methodology, Financial Index is well placed to provide personal service to Storm clients through its dedicated team of salaried advisers.  It has stringent processes and standards, which produce consistent results in meeting the needs of everyday Australians.

With more than 30 acquisitions in the last decade, Financial Index believes it was the succesful tenderer because of its extensive experience in successfully integrating clients into a new and welcoming environment and re-structuring their affairs in order to provide them with maximum value on a long-term basis.

Financial Index is the first Australian Financial Services Licensee with multi-sites to gain recognition for its quality process through International Organisation for Standardisation (ISO) 9001 certification.  This certification is the most widely known and internationally accepted model for a quality management system irrespective of  what the organisation does, its size or whether it is public or private sector.

Financial Index has always striven to be the best service based organisation within the Financial Services industry.

Financial Index thank Korda Mentha, Storm’s liquidators and Kenyon Prendeville, their business brokers, for their co-operative approach in the sale process and in their diligence in ensuring client interests would not be compromised.  Financial Index is now firmly focused on providing theseclients with the assistance they need.

For more information, clients can call our dedicated hotline on 1300 772 804 or to send your detailed  enquiry please complete our Client Enquiry Form and one of our staff will contact you soon.

Ex Storm Clients Enquiry Form