Mac spends $49m to fix private wealth

Macquarie also came under fire as a Senate committee report last month recommended a royal commission into conflicted financial advice, focusing on conflicts within the ­Nicholas Moore said the group had conducted a review of advisers and of clients’ accounts where concerns were identified by customers of Macquarie.

Mr Moore noted management within the private wealth arm had changed since the ASIC undertaking and employee training of its 300 advisers had been bolstered. “A lot of training is going on with advisers, with about 11,500 hours to date.

Read more here: SMH


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