New director for CBA advice board
The Commonwealth Bank (CBA) has appointed Robert Bransby as a non-executive director to the Board of Advice Companies — Commonwealth Financial Planning Limited, BW Financial Advice Limited, Financial Wisdom Limited and Count Financial Limited.
Bransby has close to 25 years of experience working across various financial and health service organisations and is the current managing director of HBF Health Limited.
The Advice Companies independent chair, Anne Templeman-Jones said that Bransby's appointment would lead CBA in a new direction.
"We are delighted to welcome Rob to the Board of Advice Companies," she said.
"His experience and skills will bring a new perspective and assist in the success of our strategy."
Recommended for you
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.