News

Banks snap up new AFAs

Monday 8th of May 2017

Financial Markets Authority data showed that 117 new advisers became authorised in the year to June 2016.

About 80 left.

Most AFAs - about a third - were working for a qualifying financial entity.

Further examination of the data shows that 32, or 27% of those 117 new AFAs went to work at one of the big four banks. Fourteen went to ANZ, nine to BNZ, two to Westpac and seven...

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