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Strategi and IDS merge

This press release from David Greenslade, CEO of Strategi, announces the merger of IDS into Strategi:


The next two years will be stressful for many financial advisers, advisory firms and networks, as they transition into the new licensing regulatory regime and develop their business models for the future. 

At Strategi we recognise that change is always a good deal less stressful when you have a strong relationship with your business partners, particularly in the area of compliance.

That’s why, effective March 1, we have chosen to merge with industry compliance services specialist Independent Development Solutions (IDS). Barry Read will be a familiar name to many of you. He and his team are known for having long and happy relationships with their clients, and IDS was therefore a natural fit with our own philosophy.

Financial advisory firms will need to rationalise their business models over the next 12-24 months in order to thrive and we will see more consolidation and mergers to obtain efficiency and scale.

Similarly, our merger is all about capacity and cost-effectiveness.

Both companies have been growing to meet the demand from advisers for compliance and training services. Strategi has almost doubled its staff in the past two years, and we have put a lot of work and investment into new technology - in order to deliver compliance and adviser training services at an affordable price. Yet at the same time we are mindful of the trends that have seen compliance costs rocket in similar markets overseas. The bogeyman for many compliance companies is fragmentation, which causes duplication of resources and increased cost.

With this merger, the intention is to use the two companies’ combined expertise, staff and systems to meet the needs of all segments of the advisory industry, while at the same time helping to keep adviser compliance costs to a minimum. We wanted to bring together under one team the best experience and resources available in the industry to make the adviser and business transition as smooth as possible.

We welcome Barry and the IDS team to Strategi and hope that you will enjoy the fruits of the expanded Strategi team. The company will continue to be based at Strategi’s current Albany offices, with IDS’s current location in Stonefields, Auckland becoming a satellite office.




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