Firstfolio restructures management team
Firstfolio has restructured its senior management team as it plans to expand its eChoice from an online mortgage finance broker to a more diversified financial services platform.
The restructure includes the addition of two senior industry executives, former ING head of mortgage management Brett Mansfield and former Virgin Money director Andrew Russell.
The appointments follow the resignation of chief operating officer Warren Nicholls.
Mansfield and Russell will join a revamped management structure, Firstfolio chief executive Mark Forsyth said.
“With these appointments, Firstfolio brings on board added capability to expand into new products and services offering significant growth potential," Forsyth said.
Under the new structure, Mansfield will be eChoice and wholesale lending general manager and will oversee the expansion of eChoice.
Russell will be third party and product distribution general manager and focus on development of new financial products and services.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.

