Yellow Brick Road confirms deal with Macquarie
Yellow Brick Road (YBR) has confirmed it has entered into an agreement with Macquarie Bank to develop branded banking and wealth management products and services.
The announcement came hours after YBR requested a trading halt from the Australian Securities Exchange (ASX), due to a pending announcement about the deal.
Both companies announced the deal on the ASX, which was marketed as YBR's "aggressive expansion into financial services".
The company is launching discounted mortgage products, with more wealth management and banking solutions to come in 2013.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
