Macquarie feels the heat from intense scramble to manage big fortunes (opens original article in a new tab)

The Australian wealth management sector is experiencing increased activity and professional movement as the high net worth market grows to $1.7 trillion.

• The value of high net worth customers in Australia has reached $1.7 trillion
• Private banks and wealth advisers are experiencing increased movement among professionals
• More private bankers and advisers are choosing to go independent