Lonsec executive makes a departure
Lonsec’s national sales manager John Ryan has left his role at the company due to differences regarding marketing and distribution.
Money Management understands Lonsec and SuperRatings - both owned by Mark Carnegie’s Financial Research Holdings - will use their sales teams to cross-sell the group’s other products.
“Sadly, over a short recent period both parties agreed to part amicably, with the new owners exploring new markets and new avenues to distribute their product range,” Ryan said.
“Lonsec have been a fantastic employer for seven years with many good people, especially on the research side of the business.”
In the period since 2006, Lonsec grew its adviser market share from 23 per cent to the current 42 per cent and has been named Money Management Research House of the Year for three consecutive years.
“My small part in that success I owe to a fantastic group of highly credentialed and ethical researchers and a fantastic, loyal and committed sales and client services team,” Ryan added.
Ryan, who had been employed with Lonsec for seven years, said he wished Lonsec every success and added he would now pursue other opportunities inside and out of the industry.
AUTHOR
Staff Writer
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
