Bankwest advisers in CFS realignment
Bankwest financial advisers will align with the Commonwealth Bank of Australia’s wealth management structure and become part of Colonial First State (CFS) in July.
The advisers will remain branded as Bankwest, a wholly owned subsidiary of the Commonwealth Bank, and they continue to advise Bankwest customers, according to Bankwest Retail CEO Ian Corfield.
Bankwest advisers will continue operating from Bankwest stores while leveraging the added benefits of Colonial First State’s products, he said.
“This realignment will deliver significant benefits to both colleagues and customers, combining Bankwest’s unique culture and values with Colonial First State’s strong reputation for excellence in the field of wealth advice.
“Bankwest financial advisers will have access to improved systems, support and coaching from one of Australia’s premier wealth management structures, which will flow through to better service for customers,” Corfield said.
In line with the new structure, the head of Bankwest Financial Advice will be based in Sydney, under the leadership of Andrew Rasby, as successor to Lisa Livis, from May 1.
Livis has resigned to remain close to her extended family in Victoria and pursue other avenues, Corfield said.
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