FPSA back-office moves to Melbourne
Financial Planning Services Australia (FPSA) will complete the relocation of its administration and operational head office from Queensland to Melbourne early next month.
The dealer group believes the relocation will provide cost savings through the merging of a number of key functions with its parent company, netwealth Investments, such as IT infrastructure, web support, product and technical support and marketing and communications.
FPSA chief executive Mark Ryan said the relocation decision had followed a strategic review undertaken by the dealer group last year.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.