Smart move for Wisdom
Financial Wisdom, a financial planning arm of the Commonwealth Bank Group, today announced it would align with online investment company 2020DirectInvest.
The alliance, which will establish a new company to be marketed as 2020DirectInvest Advice, will provide clients access to financial planning, investment and risk advice on a fee-for-service basis.
Financial Wisdom advisers will provide advice to 2020DirectInvest clients, who will then have the choice to either implement the strategy directly via 2020DirectInvest’s online facility or have the adviser implement the strategy for them.
The alliance was formed in response to growing demand from 2020DirectInvest clients seeking financial and investment advice, according to 2020DirectInvest boss Michael Lannon.
“The Financial Wisdom 2020DirectInvest alliance is an exciting initiative that will help Australians to implement appropriate strategies to ensure their long-term financial and protection wellbeing,” he said.
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