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 head of troubled licensee Beacon Financial Group has been banned from finan...
The bank has taken a grim outlook on the COVID-19 crisis and has provisioned for...
Delays to the government’s royal commission response mean there could be no in...
Get the latest news! Subscribe to the ifa bulletin
Get notifications in real time and stay up to date with content that matters to you.
