Trustees grow FSC's membership base
The Financial Services Council (FSC) has significantly grown its membership base on the back of the disbanding of the Trustee Corporations Association of Australia (TCAA).
The FSC announced this week that the member companies and organisations of the TCAA had opted to join the FSC, with eight private trustee companies and eight public trustees becoming full members.
FSC chief executive John Brogden said this now made the FSC the peak representative body for trustee corporations, with the new members comprising all of the State Public Trustees and most of the private trustee companies.
Commenting on the move, TCAA national president and Trust Company chief executive John Atkin said the FSC had represented a logical choice in terms of continuing the advocacy work of the TCAA on behalf of Australia's trustee companies and public trustees.
As a result of the move, the FSC's Trustee Corporations Members include:
- ANZ Trustees
- Australian Executor Trustees
- Equity Trustees
- National Australia Trustees
- NSW Trustee and Guard
- Perpetual
- Public Trustee for ACT
- Public Trustee NT
- Public Trustee SA
- Public Trustee WA
- State Trustees Vic
- Sandhurst Trustees,
- Tasmanian Perpetual Trustees
- Public Trustee Tas
- Public Trustee Queensland, and
- Trust Company.
Recommended for you
Insignia Financial is targeting its salaried financial advisers increase their revenue per adviser by 62.5 per cent over the next five years.
AWAG and Teaminvest Private Group have teamed up to offer a succession lending fund to help advice principals navigate succession planning and enjoy their retirement.
LGT Crestone chief executive Michael Chisholm believes the firm was chosen to acquire Commonwealth Bank’s personal advice arm due to its strong private market capability.
Advisers will now be able to tap into global markets on the platform through international signature managed accounts from global managers like T. Rowe Price and Lazard.