Relationship with NAB confirmed now. Despite the perceived mess of the last few days, IAM have their foot in the door. This is a really good opportunity for them to hopefully embed themselves into a big four bank. That's all we could've asked for really, and Im quite happy with this outcome.
Will this eventuate to a fully fledged commercial partnership? That remains to be seen. But IAM have just stated they think an overall MOU is still in place here. You don't categorically just state something like that after the sh*t show that ifa and possibly nab have caused for IAM shareholders past couple of days.
But the brand name is out there now, and a big boy is willing to give our services a shot. That can only be a bullish sign of what IAM has to offer the financial planning industry.
This deal will take patience though. Our banks are dinosaurs with a ridiculous amount of processes, compliance, regulation and red tape. Any progress towards a fully fledged deal will take time. But very good signs here IMO. We are onto a good one here folks. Long termers will be rewarded.
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