Premium fills compliance role
Just days after confirming it had been the subject of an offer from Australian Unity, dealer group, Premium Wealth Management announced it had finally filled the key role of head of compliance.
The dealer group announced that it had managed to recruit IOOF’s John Cruz to the compliance role.
As well as working in audit at IOOF, Cruz has also worked within Count Financial.
Confirming the appointment, Premium Wealth chief executive, Paul Harding Davis pointed to Cruz having majored in financial planning as part of his business degree.
“We conducted an extensive search to fill this critical role and we are confident we have found the right person,” he said.
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.