Wealth management revolution applies pressure on banks - 2003-08-27
In a sense Frank Cicutto's decisive attempt on AMP is an admission of defeat. When National Australia Bank disbursed $4.5 billion for MLC in April 2000.
In the past three years financial planners have seized control of the financial services industry. Everyone's a financial planner now - life insurance agents, accountants, bank managers, mortgage brokers, insurance brokers, you name it, there are planners everywhere.
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