AXA loses Stephenson
AXA’s Tasmanian dealership services manager Kate Stephenson has left the group to join Deloitte Financial Services.
Stephenson who is also the Financial Planning Association chair for the state says she will join the group in early September as a senior financial adviser and be involved in the setting up of a financial planning arm.
According to Stephenson Deloitte has had a dealership for a number of years but has been inactive in financial planning until about 18 months ago.
The new drive to increase its financial planning presence is being spearheaded by national product leader Stephen Prenderville in a bid to bring Tasmania in line with the other states which all have offices in capital cities.
In total the group has about 30 advisers nationally as well as support staff and Stephenson says the move in Tasmania is significant as the group has no effective presence there.
AUTHOR
Jason Spits
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.
