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
ASIC has cancelled the Australian Financial Services Licence of MWL Financial Services and banned MWL’s director Nicholas Maikousis for 10 years over conduct in relation to the Shield Master Fund.
While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the professional landscape.
Financial planning technology provider GBST has completed a significant upgrade of its Composer platform for its APAC clients.
Intelliflo has been acquired by global investment firm Carlyle for $200 million, stating it wants to accelerate the software firm’s growth in Australia.
