Distribution head promoted to CEO at Acclaim Wealth
Wealth management platform provider, Acclaim Wealth, has appointed Terry Constable as its chief executive.
Constable is currently the head of distribution and partnerships at the firm and will take over the CEO role on 1 October. He has worked at the firm for over 10 years, based in Sydney, having joined as a senior business development manager in May 2013.
Prior to this, he was a financial planner for Aware Investment Management.
He will replace Alan Hegerty who steps down after 12 years of leading the business, including through its rebrand last year from AMG Super to Acclaim Wealth. The rebrand was carried out in order to better reflect the firm’s focus on delivering tailored investment outcomes for its clients.
Acclaim is a wealth management platform featuring solutions for both investments and superannuation through its Acclaim Super and Acclaim Invest options.
Looking ahead, the firm said it is close to the completion of its transformative system upgrade project, which will position it for its next growth phase.
Chairman Ugo Di Girolamo said: “Over the last 10 years, Terry has played a big part in helping grow the business to where it is today, showing a strong commitment to providing the best possible service which plays an important part in helping Acclaim to continue the growth in its business.
“Alan leaves Acclaim in great shape and we are well-positioned to continue our growth and success, having benefited from Alan’s significant contributions in scaling the business over the past 12 years.”
Constable added: “I deeply appreciate the board’s confidence in me as the new CEO and am greatly looking forward to expanding the partnership network. Driving the distribution function of the business for over 10 years has allowed me to form some extremely strong relationships with our adviser network and business partners. It is these relationships and insights that will continue to shape my decisions moving forward.”
AUTHOR
Laura Dew
Recommended for you
The big four bank is set to see $40 million per annum in cost savings as it continues to migrate customers from its Asgard wealth platform to BT Panorama by FY26.
Advice licensee WT Financial has announced a 50/50 joint venture with the Australian subsidiary of a US financial advice investor.
Wealth managers will need to reach aggressive short-term goals to grow their assets under management, according to Natixis Investment Managers, but Asia-Pacific has the lowest expectations on their future growth.
With a rising number of licensees opting for bespoke managed accounts, a panel of experts has shared what firms need to know before going down the custom route.
