Snapshot of the way they were
Table: Snapshot of the way they were:
KPMG Financial Services: Believed to be the largest player with $520 million of funds under advice, 16 advisers and about 1,000 clients.
Table: Snapshot of the way they were:
KPMG Financial Services: Believed to be the largest player with $520 million of funds under advice, 16 advisers and about 1,000 clients.
Deloitte Financial Services: Believed to be the second biggest with about $500 million under advice, 12 advisers and about 500 clients.
PricewaterhouseCoopers: Declined to disclose numbers but says it services the top end of the market and is growing rapidly.
Arthur Andersen: Declined to provide comparative statistics because, it says, it structures its offerings in a somewhat differently to the other Big Five compa-nies.
Ernst & Young: exited financial planning when it sold its stake in Sealcorp.
Recommended for you
Advisers at DOD Bookkeeping, which received an $11 million penalty last week, received as much as 40 per cent of their remuneration via a bonus when clients purchased a property via a SMSF, according to court documents.
Private wealth manager Escala Partners has launched an end-to-end investment platform to strengthen its alternatives capability as clients seek sophisticated vehicles.
Perpetual Wealth Management has hired two advisers from Ord Minnett as part of five hires, just weeks after the rival firm announced it had picked up six from Perpetual Private.
ASIC has cancelled the AFSL of a Perth financial services firm following payments to its clients by the Compensation Scheme of Last Resort after a failed managed investment scheme.
