FPSA back-office moves to Melbourne
Financial Planning Services Australia (FPSA) will complete the relocation of its administration and operational head office from Queensland to Melbourne early next month.
The dealer group believes the relocation will provide cost savings through the merging of a number of key functions with its parent company, netwealth Investments, such as IT infrastructure, web support, product and technical support and marketing and communications.
FPSA chief executive Mark Ryan said the relocation decision had followed a strategic review undertaken by the dealer group last year.
Recommended for you
High-net-worth advice firm Multiforte Financial Services is to merge with Sydney advice firm Lorica Partners as it proactively seeks succession for its staff and clients.
This week has marked only the second week of overall net losses since the start of the financial year, with M&A among the factors driving gains for licensees.
With North reporting its fastest six months of AUM growth in managed accounts, AMP says the vehicles have become a “foundational element of financial advice” for their efficiency benefits.
Shaw and Partners has reached $3 billion in funds under management on its separately managed account, and the firm is eager to expand the offering.