Banks try for risky sequel with wealth products, advice (opens original article in a new tab)

Banks are considering a return to financial advice and wealth management, but face skepticism from institutional investors over past scandals.

• Banks are exploring a return to financial advice and wealth management after eight years since the Hayne royal commission reformatted the sector.
• Institutional investors remain skeptical due to past scandals in 2018 that damaged the industry's reputation.
• The potential return of these services faces challenges from ongoing skepticism among investors.