CFS looks at replacement for Barrett
Colonial First State (CFS) is not expected to announce a replacement for Paul Barrett (pictured) as general manager of advice for a number of weeks following his departure to head up advice at ANZ.
A spokesman for CFS has told Money Management the company was reviewing arrangements following Barrett’s departure and would be making an announcement in due course.
Barrett surprised many in the industry this week when it was announced that he would be filling a newly-created position at ANZ — general manager of wealth and distribution.
ANZ said Barrett would be responsible for all of its financial planner and advice networks, including aligned dealer groups, open market dealer groups and other alternate channels.
He will report to ANZ Wealth managing director John Van Der Wielen.
AUTHOR
Mike Taylor
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
