Firstfolio chief executive resigns
Specialist mortgage and financial services company Firstfolio has announced the resignation of chief executive and managing director Mark Forsyth.
Since joining the company in 2006, Forsyth has restructured the group's operations to support growth in the loan portfolio from $1 billion to more than $21 billion, Firstfolio stated.
Also under his leadership, the company completed a series of acquisitions, including online mortgage company eChoice as well as a joint venture with specialist financial products provider Evergreen Finance Company.
Firstfolio has appointed current executive director Mack Flack as acting CEO.
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.