Dealer group Omniwealth Services has launched a licensee services business to cater to demand for consulting from boutique financial planners.
Omniwealth Licensee Services will provide clients with “the same practice support as our normal members”, providing them access to a network, while maintaining control of their Australian financial services licence (AFSL).
“Over the last two years, we have been approached by firms who hold their own AFSL,” said Omniwealth managing director Matthew Kidd.
“Having done all the hard yards, they are reluctant to give up their licence but still want to benefit from being a member of our unique group,” he added.
The FAAA has expressed concern regarding one area of the first tranche of QAR legislation that could potentially impose ...
The FSC CEO will join a long line-up of renowned speakers at the inaugural summit. Blake Briggs, chief executive ...
Legislation tabled in Parliament on Wednesday has made some amendments to ongoing fee arrangements and consent ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin