Compliance changes at Beacon
The former compliance manager for the Titanium group, Jan Blanchette, has been appointed to succeed Brendan Barratt as head of compliance at Peter Daly's recently-formed Beacon Financial Services.
Daly acknowledged the change early this week and said it had been necessitated by Barratt's departure to establish an outsourced compliance service.
The Titanium Group merged with Financial Link in May last year and Barratt held the role of head of compliance with the latter.
The move is the second departure from the combined management teams that were drawn together at the time of the merger. The other departure was that of David Bertram, who headed up distribution at Titanium Group and was to take this role over into Beacon.
However Bertram did not join the group and in September last year declared himself bankrupt after facing a claim of $1.7 million for advice provided while he was an authorised representative of WealthSure.
Other senior staffers involved in the merger — including Andrew Blanchette, who was a Titanium Group director and took on the role of chief operating officer, and Financial Link managing director Martin Lowe who took on role of head of adviser services — remain with the group.
AUTHOR
Staff Writer
Recommended for you
Following an extraordinary general meeting today, Dixon Advisory parent company E&P Financial Group’s shareholders have voted on its proposed delisting from the ASX.
While overall financial adviser numbers have dipped below 15,500 this week, Rhombus Advisory is experiencing growth and approaching 500 advisers in its ranks.
Iress’ Xplan continues to dominate the financial planning software market with a multitude of uses, according to Netwealth research, despite newer players battling for a piece of the pie.
ASIC has shared the percentage of breach reports related to financial advice in FY24, noting increased reporting by smaller AFSLs.
