netwealth launches national advice group
Wealth management group netwealth has formed a new national advice group which will be headed by Simon Micallef.
The new group will be called netwealth Advice Group and was created following a strategic review of the company's fully owned subsidiaries.
netwealth Advice Group will include Pathway Licensee Services, Financial Planning Services Australia and Bridgeport Financial Services.
Each business will retain its own brand and general managers who will report directly to Micallef.
netwealth group managing director Matt Heine said the new structure will allow the business to position itself for further growth as the industry transitions to the new regulatory environment.
"We own three excellent advice businesses and the new structure under the direction of Simon Micallef will enable and empower the group to utilise and leverage all of our resources and ensure that skills and knowledge are shared across the group for the benefit of all our clients," Heine said.
netwealth Investments entered the market in 2002, targeting investors and financial planners with a range of financial products and services.
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