Spartan Asset Management has revealed that it has secured the National Consumer Credit Protection (NCCP) Licence in Australia.

The is regarded as a crucial step in the firm's ambition to offer regulated financial solutions to a variety of investor groups.

Based in Barangaroo, Sydney, the firm has established itself within the financial services industry.

Spartan concentrates on fixed income, credit instruments, and retirement income strategies, serving pension funds and investors focused on income generation.

With the newly acquired NCCP Licence, Spartan is set to broaden its service offerings to include a wider range of credit-linked financial advice and services.

This encompasses income-drawdown optimisation and retirement credit structuring, aimed at improving client access to capital during retirement.

The firm intends to introduce new fixed income products that target returns between 4% and 6% per annum.

These offerings are structured for monthly or quarterly income distribution, responding to the increasing demand for yield in a low-interest-rate climate.

The upcoming products will include investment-grade corporate bonds, credit-linked notes, and hybrid income solutions. These will be accessible to qualified wholesale and retail clients, backed by Spartan's advisory teams throughout Australia.

In light of client demand, Spartan plans to expand its footprint with new offices in Victoria, Queensland, and Western Australia by 2025-2026. This growth aims to reinforce collaborations with independent financial advisers and other financial entities.

Moreover, Spartan is set to launch virtual advisory platforms to improve accessibility for clients in rural and remote regions. This initiative will enable services through video consultations and secure digital tools.

The firm's strategic approach to financial planning for retirees focuses on four essential pillars: Income, Capital Security, Credit Access, and Legacy Planning. With both NCCP and AFS licences, Spartan seeks to provide integrated financial solutions.

Spartan's wealth management division will now deliver a comprehensive range of services, including retirement credit advice and estate planning. The firm is also enhancing its environmental, social, and governance (ESG) framework to ensure sustainable investment practices.

Looking forward, Spartan is in the process of developing a National Income Platform for Australia. Over the next two years, the firm will concentrate on initiatives such as adviser education programmes and the launch of a "Spartan Secure Income Account" for simplified investment onboarding.