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.
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WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
