Business
IOOF marches former ANZ advisers – The Australian Financial Review
Twelve sole-trader financial planning practices within the IOOF network were ‘offboarded’ due to being considered ‘sub-scale’.
The growth in funds under management came in spite of net outflows of $93 million in its core financial advice business.
The outflows were largely attributed to the exit of two key practices which joined IOOF as part of the initial phase of its acquisition of ANZ Bank’s wealth business in 2017 taking $155 million in client money with them.
Twelve sole-trader practices within the IOOF network were also “offboarded” by the company due to being considered “sub-scale”. The firms had a combined $11…
-
Business18 hours agoWhy Austal, Boss Energy, Harvey Norman, and NextDC shares are charging higher today
-
Noosa News15 hours agoPill checking to resume in Queensland months after government axed funding
-
Business19 hours agoASX shares are expensive. Here’s why you should be buying anyway
-
Noosa News24 hours agoThe Full Trailer for Yorgos Lanthimos’ Emma Stone-Led CEO-Kidnapping Dark Comedy ‘Bugonia’ Is Here