InterPrac FP recruits former Capstone staffer


Former Capstone professional standards officer, Rae Stagbouer, has moved to InterPrac in the newly created role of national advice manager.
Stagbouer's move to InterPrac will assist the organisation's proposed shift towards a full team of accountant trained advisers.
"Rae is a highly regarded financial services professional who has made strong contributions to the organisations in which she has worked," said InterPrac managing director, Garry Crole.
Stagbouer is confident that her move to InterPrac will benefit planner/accountant relationships and increase industry service.
"Taking on this role is an opportunity to be part of a great team," she said.
"It's a chance to make a real difference for our advisers."
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.