ipac to integrate Tynan Mackenzie



AMP-aligned dealer group ipac has announced it will bring the Tynan Mackenzie group, which was incorporated into AXA in 2006, under the ipac brand.
Tynan Mackenzie has 37 employed advisers and more than 4,400 clients. The group's chief executive Paul Robertson will help manage the transition and remain on the ipac leadership team, according to a statement from AMP.
The Tynan Mackenzie brand transition out of the market over the course of 2013, with the integrated business servicing more than 45,000 clients and advising on more than $10 billion in funds under advice, AMP stated.
Recommended for you
ASIC has accepted a court enforceable undertaking from a Perth-based company auditor who failed to adequately conduct multiple audits on an advice firm that receivers say has $100 million missing.
After a brutal month for adviser numbers, the net loss for June now stands at more than 100 advisers, but the financial year is still on track to end in positive territory.
Two advice platforms have been identified by Adviser Ratings as standouts for efficiency as time-pressured advisers become evermore fickle in their platform selection.
Private wealth manager Escala Partners has increased its alternatives allocations to more than a third in the past three years, describing the asset class as offering “fertile ground” for diversification.