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 |
|---|---|
| Apogee | NAB |
| Bridges Financial Services | IOOF |
| Charter Financial Planning | AMP |
| Commonwealth Financial Planning | Commonwealth Bank |
| Consultum | IOOF |
| Financial Wisdom | Commonwealth Bank |
| Garrisons | AMP |
| Garvan Financial Planning | NAB |
| Godfrey Pembroke | AMP |
| Guardian | Suncorp |
| Hillross Financial Group | AMP |
| Industry Fund Financial Planning | Various industry funds |
| IPAC Securities | AMP |
| JB Were | NAB |
| Meritum | NAB |
| Milenium 3 | ANZ |
| MLC | NAB |
| RetireInvest | One Path |
| Securitor Financial Group | Westpac |
| St George Financial Planning | Westpac |
| Shadforths | IOOF |
| Whitaker McNaught | Commonwealth Bank |