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
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
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 the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
