Helmich lands distribution top job
Steve Helmich has been named as head of distribution in the wake of the departure of Neil Swindells who resigned from AMP to go to AXA a fortnight ago.
Steve Helmich has been named as head of distribution in the wake of the departure of Neil Swindells who resigned from AMP to go to AXA a fortnight ago.
The AMP Financial Planning managing director and member of the FPA board will take on the role of head of advice and services, which will give him responsi-bility for all of AMP’s advice led channels as well as services for external financial planners.
Helmich joined Australia’s largest dealer group in 1995. AMP Financial Services managing director Andrew Mohl says that since Helmich signed on, AMP Finan-cial Planning’s new business has increased 40 per cent and operational expenses have been cut in half.
Helmich took up a seat on the Financial Planning Association’s board at the end of last year to replace Colin Scully as the representative for large dealer group princi-pals.
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.