Michael Blanchflower
Sydney, Australia
Michael is a highly successful entrepreneur and business owner with extensive experience in providing outsourced and internal process solutions to financial advisers and leading financial advisory groups. Michael has a demonstrable track record in developing and executing highly effective turnkey solutions for advice businesses. Accomplished in bringing human capital, technology and innovation together to form coherent and differentiated market offerings, Michael is a specialist in delivering effective solutions for financial intermediaries.
Accomplished in undertaking negotiations and due diligence on the acquisition of businesses from both vendor and purchaser perspectives, Michael possesses a comprehensive understanding of investment products and platforms. This understanding has been gained through over 10 years industry experience and a track record of success as an investor through a diverse range of economic and market conditions. Michael has a track record of recruiting and managing teams which have consistently outperformed against demanding objectives and have remained exceptionally loyal and committed during challenging circumstances.
After gaining extensive experience at Count Financial and ANZ as a financial planning technical consultant, in 2005 Michael founded his own financial planning back office solutions business, Outplan. Outplan was sold to Macquarie Bank in two separate tranches, 50% in 2007 and 50% in September 2010.
In the midst of the global financial crisis Michael developed a highly valuable process consulting revenue line within Outplan. Michael won contracts with CBA Private Bank, UBS Wealth Management, AMP, Macquarie Private Wealth and Count Financial to improve advice processes, automate documentation and support efficiency in providing advice within a compliant framework without losing point of sale effectiveness. Michael has consulted extensively to boutique planning practices and mid-tier dealer groups to encourage them to invest in innovative ways to reduce their cost of servicing retail clients. As a result of this positive strategic response to the pressures of the GFC, Michael was able to secure additional funding from an institutional investor.
While working at Macquarie after their purchase of Outplan, Michael successfully managed the integration of Outplan into the Macquarie Adviser Services offices at Shelley Street, Sydney. Michael then p