Sentry Group announces business restructure
Sentry Group, the owners of Sentry Financial Planning, have announced they are restructuring their business and management positions following the acquisition of Wealthsure into the organisation.
The restructure includes the establishment of four core divisions and functions — business development, business solutions, compliance, and corporate services.
Daniel Parry has been appointed as head of business development and chief investment officer, David Newman has been appointed head of business solutions and executive director, Hanna Abdullah has been appointed head of compliance and CRO, while Bryan Hills has been appointed head of corporate services and executive director.
The firm said it will maximise its scale as a non-institutionally aligned independent dealer group while leveraging technology.
The group merged with Wealthsure in April this year, with combined adviser numbers of over 300 and funds under advice of $5 billion.
The corporate regulator had issued an enforceable undertaking to Wealthsure since September 2013, with the business split into two lines. The EU continued to apply to the planning business, WFS, under the new ownership agreement.
Chief executive, Murray Hills, also announced a new branding to reflect the group business as well as a new website, which would go live in the next two weeks.
AUTHOR
Malavika Santhebennur
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
