Macquarie Practice Consulting expands
The recent improvement in conditions in the wealth management sector has seen Macquarie Practice Consulting expand its offering to mid-tier financial planning firms and dealer groups.
The Macquarie group said the move to expand had resulted from higher levels of demand and the success it had achieved in the boutique segment.
Commenting on the development, Macquarie Practice Consulting head Liz McCarthy said it had been driven by changes emerging from the recent regulatory reviews and more volatile market conditions, which had placed pressure on financial planning platforms.
She said a key part of the group’s current role was helping practices to review their businesses to determine what changes might be required and if they needed to alter their fee models.
AUTHOR
Mike Taylor
Recommended for you
Multiple industry organisations have shared their thoughts on AFCA’s proposed rules amendment, supporting the idea of firms being named publicly when they fail to comply with determinations.
Channel Capital has appointed a head of investment oversight who joins from 14 years at asset consulting firm JANA Investment Advisers.
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
