Industry fund appoints head of advice
Local Government Super (LGS) has appointed NGS Super's former financial planning head, Andrew Dunkerley, as its new head of advice in a bid to increase its financial planning capabilities.
The fund's chief executive, Peter Lambert, said they hired Dunkerley in a bid to increase the "take-up of financial advice among its members".
He added Dunkerley had experience in growing financial planning businesses within industry funds and improving the effectiveness of planners, and that he will be able to draw on those successes at LGS.
"Andrew will be developing and enhancing multiple advice channels, include telephone, web-based advice and advice in the workplace to complement LGS' core face-to-face services", Lambert said.
Dunkerley, who has over 20 years' experience in financial services, will also focus on addressing the demand for limited and piece-by-piece advice, which, according to Lambert, many organisations were not adequately addressing.
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.
