The Bank of Melbourne is offering a wealth management review to all its general banking clients, according to their financial planning head, Ian Knight.
Bank of Melbourne wanted to make sure all the wealth needs of their general clients were reviewed and managed professionally, Knight said.
"Having a financial planning department, we think that all our customers (where possible) should be offered a review of their financial planning needs irrespective of their net wealth," he said.
Bank of Melbourne is looking to boost the number of its financial advisers to 24 by the end of July this year, Knight said.
Bank of Melbourne is searching for financial advisers with at least three years experience to join the dealer group, he said.
There was no set figure on the amount of clients their financial advisers should have, but 200 clients was a good general amount, he said.
Knight was hired by St George Financial Planning to boost the number of planners to 50 within three years.
Independent financial advisers as well as independently owned Australian Financial Services Licences have moved to Bank of Melbourne, Knight said.
The dealer group started with six financial advisers.
They are not being selective in their choice of financial adviser. Advisers weren't being expected to specialise, but needed to offer a full suite of services to clients, Knight said.
Bank of Melbourne has 52 branches open throughout Victoria.
