Tim Steele to take over ipac
AMP Horizons director Tim Steele will take over as managing director of dealer group ipac, reporting to AMP director, advice network and strategic development Andrew Waddell, from early 2013.
Current head of ipac Neil Swindells will take on responsibility for AMP's direct equity investments in financial planning practices across several licensees, also reporting to Waddell, AMP announced.
The move is part of an ongoing review of AMP's advice businesses following the AXA merger in 2011, AMP stated.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
