Hillross nabs talent from St George
Two of St George Financial Planning's top business writers have de-fected to Hillross Financial Services as the group ramps up its push to attract the industry's top talent.
Two of St George Financial Planning's top business writers have de-fected to Hillross Financial Services as the group ramps up its push to attract the industry's top talent.
John Grima and Peter Nonnemacher both joined Hillross about a month ago after spending the past five years with St George Financial Plan-ning.
Grima and Nonnemacher are partners in Advanced Financial Planning, a business they set up after joining Advance Financial Planning before it was acquired by St George.
Both have a strong record in financial planning. Grima comes from an accounting background and has been operating as a financial planner for about 10 years. He holds the Certified Financial Planner designa-tion and was Advance Bank's Financial Planner of the Year in 1997.
Nonnemacher has been in financial planning for just on eight years having come from a banking environment. He was Advance Bank's top producer in 1997 and was subsequently St George's top producer in 1998.
The two are the latest scalps in Hillross's efforts to build up ad-viser numbers by poaching experienced planners from recognised finan-cial planning groups external to parent company AMP.
Hillross has also expanded the reach of its recruiting drive to accountants and re-cently announced that one of WA's biggest accounting practices would join the fold. The group expects to have about nine proper authority holders from Athans & Taylor once all the dust settles on the deal.
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.
