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
Two law firms have highlighted licensees’ responsibility to ensure they have sufficient cyber security measures in light of the enforcement action against Fortnum Private Wealth.
A former director has pleaded guilty to providing financial product advice without holding an AFSL which saw almost $2 million transferred to him.
Commonwealth Private Limited, a subsidiary of Commonwealth Bank of Australia, has launched a wholesale offering with the help of JPMAM.
Shaw and Partners’ new national head of private wealth believes the biggest challenge for financial advisers right now is being able to deliver efficient advice delivery amid a complex regulatory environment and growing investment universe.