Exiting InterPrac advisers could be hit with $45k runoff fees amid ASIC action
Sources close to the matter speaking on condition of anonymity told ifa that InterPrac will impose a professional indemnity insurance run-off fee of as much as $45,000 on advisers who leave the licensee. During an online town hall meeting, ifa understands that Crole, InterPrac managing director and group CEO of parent company Sequoia, told the licensee’s advisers there was nothing to worry about despite the...
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