IOOF appoints new national sales manager


Financial services house IOOF has appointed a new national sales manager working into the advice market.
The company announced that it had appointed Daniel Dalton to the position of National Sales Manager, Investments, with responsibility for leading the distribution of IOOF's MultiMix investment funds and WealthBuilder Investment Bonds to the advice market.
The company's announcement said Dalton had been recruited from BT Financial group and brought with him a strong and diverse background in financial services, having gained experience in roles spanning practice management, platform and investment sales, and key account management.
Commenting on the appointment, IOOF general manager, distribution, Renato Mota said he believed Dalton brought with him a strong understanding of the needs of advisers and dealer groups.
Recommended for you
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.
New Zealand’s financial regulator is following the footsteps of its Tasman neighbours and proposing to conduct a review on improving the accessibility of financial advice and advice business models.