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Stephen Jones’ turn on commissions has been welcomed by the industry and he has been universally praised for his engagement. However, instability and inconsistency are the opposite of what both parties are promising and there are calls for both ministers to be more deliberate in their actions.
WT Financial Group’s acquisition of Synchron will improve efficiencies for advisers, according to chief executive Keith Cullen, as it creates the third-largest financial planning group in the country by adviser numbers.
WT Financial will become the new wealth giant, with funds under advice in excess of $16 billion, following its acquisition of Synchron. Wealth manager WT Financial Group (WTL) announced on Tuesday t
WT Financial Group is confident of future demand in the risk advice industry, backing Synchron’s future with a deal that could be worth up to $13 million, dependent on Synchron retaining advisers and revenue.
Combined business will have more than 600 advisers and A$16bn in funds under advice