Brad Fox joins Stanford Brown


Former Association of Financial Advisers (AFA) chief executive, Brad Fox, has joined Stanford Brown’s board as a non-executive director.
Fox will assist the wealth management firm with its growth plans including an expansion beyond its Sydney base.
Stanford Brown’s founder and chair, David Brown, said he was delighted to welcome Fox to the firm and that he admired his character, work ethic, and strategic thinking.
“During his four year tenure as CEO of the AFA, he showed real courage and leadership. Brad’s appointment is the first stage of our longer term strategy of creating an independent and diversified board,” he said.
On his appointment, Fox said he looked forward to bringing another dimension to their strategic thinking and expansion plans.
“We share a passion to improve the lives of Australians through the highest quality, non-conflicted advice delivered with uncompromising standards of client experience,” Fox said.
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.