Former FSP chief to head EQT's new advice division
Equity Trustees (EQT) has recruited former Financial Services Partners chief executive Geoff Rimmer to head up its newly-created Private Wealth Services division, effective from 1 July 2012.
Rimmer will be responsible for the strategy and business development of EQT's superannuation, trustee, wealth management and aged care units, EQT stated.
The move follows a restructure of the EQT business superannuation, personal estates and trusts, wealth management and philanthropy areas into a single business unit, Private Wealth Services, EQT stated.
Note: Due to a technical issue a breaking news email in relation to this story incorrectly referred to an earlier news story. Money Management apologises for any confusion.
Recommended for you
The strategic partnership with Oaktree Capital and AZ NGA is likely to pave the way for overseas players looking to enter the Australian financial advice market, according to experts.
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
Increasing revenue per client is a strategic priority for over half of financial advice businesses, a new report has found, with documented processes being a key way to achieving this.
The education provider has encouraged all financial advisers to avoid a “last-minute scramble” in meeting education requirements prior to the 31 December 2025 deadline.
