Fortnum recruits specialist


Dealer group, Fortnum Financial Group, has recruited a former NAB/MLC staffer to lead its investment administration arm — e-Clipse Online.
The company announced this week it had recruited Sal Torrisi to the role which will report to Fortnum executive chairman, Ray Miles.
The announcement said Torrisi would be responsible for driving the operational efficiency of Fortnum's unified managed accounts platform, overseeing the ongoing development of e-Clipse Online and the platform's integration into Fortnum's principal practices.
Torrisi, who was most recently a consultant to FNZ and Fortnum Financial Group, also previously held senior management roles at Colonial First State and AXA before joining MLC & NAB Wealth in 2010 to 2014.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025 with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.