Premium fills compliance role


Just days after confirming it had been the subject of an offer from Australian Unity, dealer group, Premium Wealth Management announced it had finally filled the key role of head of compliance.
The dealer group announced that it had managed to recruit IOOF’s John Cruz to the compliance role.
As well as working in audit at IOOF, Cruz has also worked within Count Financial.
Confirming the appointment, Premium Wealth chief executive, Paul Harding Davis pointed to Cruz having majored in financial planning as part of his business degree.
“We conducted an extensive search to fill this critical role and we are confident we have found the right person,” he said.
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.