Infocus to merge with PATRON


Dealer group Infocus Wealth Management has announced its intention to merge with PATRON Financial Services.
The company announced today that the proposal was subject to Infocus shareholder approval but the intention was to merge in late July.
Commenting on the move, Infocus managing director, Rod Bristow said the merger would create a national, independently owned wealth management business with 200 advisers providing financial advice to over 50,000 retail clients.
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.