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[The Wrap] Are banks heading for the advice exit door?

Sunday 15th of November 2020

As reported on Good Returns last week Westpac has confirmed that it has sold its advisory business to sharebroking firm Forsyth Barr. The move is no surprise as it appears all the banks are whittling back their financial adviser operations.

Information we have been collecting over time shows that many of the advisers who have been working for banks have moved onto other busines...

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