Wealth and Asset Management
Once mighty bank-licensed cohort shrinks to 500-odd advisers
The big banks’ 20-year foray into wealth management is reaching its final stages, with the completion of IOOF’s takeover of NAB’s MLC adviser cohort in Q2 leaving only 575 bank-licensed advisers in the market. According to Adviser Ratings research Q2 was the first time the number of bank-licensed adviser dropped…
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