Family affair as Fennings join Fortnum
Ex-Shadforth Financial Group chief executive, Tony Fenning, has been appointed as a non-executive director at Fortnum Financial Group, with his son, Matthew also joining the group.
Fortnum chairman, Ray Miles, said Fenning senior was a "very well regarded, highly intelligent and experienced" addition to the group's board, while the younger Fenning will bring 15 years' of experience to Fortnum's Fortuity Strategic Advisors, as a director and financial adviser.
Tony Fenning's appointment to the Fortnum board comes less than four months after he was named as a director of Class Super.
"Tony's insight and experience will have a great impact and help take Fortnum to the next stage in our journey," Miles said.
"We want to build a sustainable, long-term business for our advisers, clients and staff. We're focused on helping our principle practices grow and become more efficient as well as growing the dealer group because scale will allow us to continue driving down costs for clients."
Fortnum Private Wealth managing director Joel Taylor said Matthew Fenning epitomised the next generation of professional advisers who were rising up in the advice industry.
"Matt is a high quality, extremely capable adviser who's focused on the client and he's the perfect cultural fit for Fortnum," he said.
"Within the Fortnum network, there's a collaborative group of younger advisers who regularly meet to share ideas and experiences and Matt is now a key part of that group."
Recommended for you
After seven years at the company, Iress’ chief technology officer for wealth management APAC, Anthony Gerrits, has departed as the firm commences a search process to fill the role.
With advice firms thinking about scaling up in 2025, research has detailed the main avenues financial advisers say they have used for successful recruitment.
The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.
Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.