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 launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
