CBA pushes for advice of small businesses
The Commonwealth Bank Group has launched a product aimed at snaring small to medium businesses seeking financial advice.
The finance package, Business Options, has been designed to assist businesses in adapting to the apparent slowdown of the economy.
The $200 million package will provide companies with advice on managed business loans, risk management, investment and Internet products.
A CBA spokesman says the group wants to take a leading role in business banking and investment among firms with turnovers of more than $5 million.
The CBA already has half a million business customers, most of which are small businesses.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
