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Banks plot a move back into wealth management, but can it work?

The Australian Financial Review (AFR) •
October 30, 2026 • 01:38 AM
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They retreated from wealth as a group, after piling in like lemmings more than two decades ago. This time round they are rightly treading more cautiously.

Banks plot a move back into wealth management, but can it work?

It’s shaping up as only a matter of time before at least one major bank wades back into the wealth management sector in a big way.

It may still be a year or two away, but several large lenders are strategising behind the scenes about how it may work.

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