National Australia Bank has restructured its branded financial planning business in a bid to provide better support for advisers, and will cut almost two-thirds of its entry-level advice positions to lift the overall standard of qualifications and improve the consistency of advice provided to clients.
The general manager of NAB Financial Planning, Tim Steele, says back office support for its advisers will be reorganised geographically, replacing the current national structure.
Were moving from whats currently a channel-focused business, which is aligned to our personal bank, business bank and our self-employed business, to a state-based model where we think local geography, local relationships and understanding of local customers needs …
Read the full article at: https://www.professionalplanner.com.au/featured-posts/2016/11/21/nab-cuts-entry-level-advice-positions-and-restructures-to-improve-quality-and-consistency-51945/