Octa Phillip Financial Group launched in Australia
A new full-service stock broking group has launched in Australia this week – the Octa Phillip Financial Group.
Announcing its launch, the group said it would be providing wealth management, institutional and private client stockbroking, corporate finance and funds management service.
The company said it was the result of the acquisition of Austock Group by Intersuisse Holdings, and would have 150 employees with offices in Sydney, Melbourne, Perth, Adelaide and the Gold Coast.
The chief executive of the new group is former Austock CEO Paul Masi.
Masi said the company’s direct channel to Asia would enhance its existing strong retail and institutional relationships.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
