The following table identifies the partial or full ownership of the larger financial planning practices by the financial institutions. What it does not show is the thousands of small practices operating under obscure trading names but ultimately licensed and controlled by financial institutions.
Asking the adviser who owns their AFS License will reveal the type of product recommendations you are likely to get.
| ADVISER GROUPS | INSTITUTIONAL OWNERSHIP DETAILS |
|---|---|
| AMP Advice | AMP |
| Bridges Financial Services | Insignia Financial (IOOF) |
| Charter Financial Planning | AMP |
| Commonwealth Financial Planning | Commonwealth Bank |
| Consultum Advice | Insignia Financial (IOOF) |
| Financial Wisdom | Commonwealth Bank |
| Godfrey Pembroke | Insignia Financial (IOOF) |
| Hillross Financial Group | AMP |
| Industry Fund Financial Planning | 20 Industry Funds |
| JB Were | NAB |
| Retire Invest (RI) | Insignia Financial (IOOF) |
| Shadforths | Insignia Financial (IOOF) |