BT snaps up Butterworth
BT Financial Group has appointed former DKN chief executive Phil Butterworth to head a new financial planning business unit that will include the established Magnitude brand.
Butterworth will be joined in the new unit by former Lonsdale chief executive Mario Modica, former Lonsdale executive director Kon Costas and former DKN executive director of distribution Andrew Rutter, according to BT.
BT Financial Group general manager of advice Mark Spiers said that the appointments would help BT cement its position in a market that is transforming as a result of a changed regulatory environment and growing demand by consumers for sound financial advice.
"It's a very exciting time and we look forward to welcoming Phil, Mario, Kon and Andrew next year to help build on our heritage of industry leadership, product and service innovation, deep client relationships and quality in everything we do," Spiers said.
Recommended for you
Insignia Financial intends to be the leading wealth manager by 2030 as it moves away from acquisitions to achieve $200 million in cost savings per annum over the next five years.
Count chief executive Hugh Humphrey is keen for the firm to be a leader in the new world of advice as the industry generates valuable businesses post-Hayne royal commission.
Four individuals, including three senior staff from Canaccord Genuity, have collaborated to launch their own Western Australian wealth management firm.
Thematic ETFs are beginning to gain ground among advisers seeking to enhance portfolio diversification and tap into specific growth themes, according to leading ETF providers.
