Bridges signs three new referral partners



Bridges Financial Services has entered into referral agreements with Woolworths Employees Credit Union, Select Mutual Banking and Heritage Isle Credit Union.
Bridges chief executive Michael Carter said the credit union and building society network was one of Bridges' "most valued sources of new clients".
"As an industry, the ability for financial planners to source new leads is an ever-present issue. Over 70 credit unions, building societies and other non-bank financial intermediaries provide warm leads for our Bridges planners to work with," he said.
The three credit unions have a combined membership of 34,000.
"Bridges is proud of its 27-year association with the mutuals and credit union industry and looks forward to continuing to provide quality financial advice to their members and support to the Mutual sector," Carter said.
Recommended for you
As private markets garner mainstream attention, a panel of experts believe access to the asset class through managed accounts will become more widely available, providing opportunities for advisers to diversify portfolios.
While retail investors turned to blue-chip stocks last month, according to AUSIEX trading data, September saw advised investors switch into ETFs.
With the intergenerational wealth transfer underway in Australia, wealth managers are focusing on how they can attract the next generation of advisers to service these younger clients.
ASIC wants to expand proceedings against Equity Trustees to seek compensation for members following Macquarie’s agreement to pay $321 million over Shield failings.