NAB Financial Planning has dropped 55 entry-level financial advisers from its dealer group, taking the total to 35.

However, the bank says it will create 30 new roles in supporting an expanded senior financial adviser base.

NAB Financial Planning GM Tim Steele says the business will be repositioned in February.

“The changes… demonstrate our commitment to face-to-face advice, and ensure we have a customer-focused business that’s positioned for growth,” he said.

“These changes will enable our business to build deeper local relationships with our customers.”

The dealer group will offer enhanced support to advisers through their leaders and support staff.

The leadership team will be aligned geographically as part of the bank’s $300 million investment in its wealth business.

“We expect these 30 new roles and other available roles across the wider NAB group will be attractive to many of the affected advisers,” Mr Steele said.

“They will also present opportunities for career progression and development.

“We’re making these changes so we can deliver better outcomes to more customers, and position our advisers to succeed.”