Fortnum hires former ANZ head
Fortnum Financial Group has hired a former ANZ wealth managing director of advice and open market channels, Neil Younger, as its new managing director who will lead the group's significant expansion programme.
According to Fortnum, considerable growth opportunities lay ahead and the business had plans to "lead the evolution of the professional services advice firms".
In his new role Younger, who has deep expertise in the areas of licensee management and advice, would be working closely with Fortnum Financial Advisers managing director, Joel Taylor, Innova Managament managing director, Dan Miles and group chairman, Ray Miles.
Prior to joining Fortnum, Younger held senior wealth management roles at ANZ, BT Financial Group and Commonwealth Bank.
He also had extensive board and responsible management experience.
"Neil's appointment enables me to step back from the day-to-day operation of the Fortnum group to focus on my core skill set of recruiting advisers and working with our practices," Miles said.
"Neil is well-regarded, experienced wealth management executive with proven skills across a range of areas and we're fortunate to be able to attract someone of his calibre to take Fortnum to the next stage.
"As the industry continues to respond to evolving client expectations and businesses to a very different operating environment, advice specialist businesses such as Fortnum are well placed to evolve solutions and to lead."
Recommended for you
Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand.
The third quarter of 2024 saw the first positive increase in adviser numbers for 12 months, according to the latest quarterly Musical Chairs report, with new entrants overwhelmingly choosing to join privately owned firms.
As more advisers review their fee structures, Business Health has shared six steps to calculating the price to deliver financial advice services in a profitable yet suitable way.
ASIC’s Sarah Court has confirmed the regulator is carrying out systematic work on providers of unlicensed advice but admits it is a case of “whack-a-mole” when it comes to disciplining them.