Snapshot of the way they were
Table: Snapshot of the way they were:
KPMG Financial Services: Believed to be the largest player with $520 million of funds under advice, 16 advisers and about 1,000 clients.
Table: Snapshot of the way they were:
KPMG Financial Services: Believed to be the largest player with $520 million of funds under advice, 16 advisers and about 1,000 clients.
Deloitte Financial Services: Believed to be the second biggest with about $500 million under advice, 12 advisers and about 500 clients.
PricewaterhouseCoopers: Declined to disclose numbers but says it services the top end of the market and is growing rapidly.
Arthur Andersen: Declined to provide comparative statistics because, it says, it structures its offerings in a somewhat differently to the other Big Five compa-nies.
Ernst & Young: exited financial planning when it sold its stake in Sealcorp.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
