Yellow Brick Road confirms deal with Macquarie
Yellow Brick Road (YBR) has confirmed it has entered into an agreement with Macquarie Bank to develop branded banking and wealth management products and services.
The announcement came hours after YBR requested a trading halt from the Australian Securities Exchange (ASX), due to a pending announcement about the deal.
Both companies announced the deal on the ASX, which was marketed as YBR's "aggressive expansion into financial services".
The company is launching discounted mortgage products, with more wealth management and banking solutions to come in 2013.
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.
