For Consumers

For Advisers

Connect with us


Media | Search

In Brief: July Edition  

Do you have a good advice story?

Are you an adviser with a customer who'd like to tell their story how your advice helped them?

Are you a customer with a good story about how advice has added value to your life?

Tell us about it

Once Mighty Bank-licensed Cohort Shrinks To 500-odd Advisers

« back to media

August 11, 2021 by Tahn Sharpe, Professional Planner

Article link:

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 under 1,000, with the IOOF deal seeing several hundred advisers transfer to IOOF’s stable or among other licensees.


No comments added.

Add comment




Enter code:*

Add comment

« back to media