Industry fund appoints head of advice
Local Government Super (LGS) has appointed NGS Super's former financial planning head, Andrew Dunkerley, as its new head of advice in a bid to increase its financial planning capabilities.
The fund's chief executive, Peter Lambert, said they hired Dunkerley in a bid to increase the "take-up of financial advice among its members".
He added Dunkerley had experience in growing financial planning businesses within industry funds and improving the effectiveness of planners, and that he will be able to draw on those successes at LGS.
"Andrew will be developing and enhancing multiple advice channels, include telephone, web-based advice and advice in the workplace to complement LGS' core face-to-face services", Lambert said.
Dunkerley, who has over 20 years' experience in financial services, will also focus on addressing the demand for limited and piece-by-piece advice, which, according to Lambert, many organisations were not adequately addressing.
Recommended for you
It can be extremely hard to realise the gains from financial advice M&A, according to Peloton Partners’ Rob Jones, and more could be gained from firms looking inward at their own practice.
With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting, according to platform specialist Recep Peker, and which would be right for your clients.
The Federal Court has imposed a $10 million penalty on Macquarie Bank for failing to prevent and control unauthorised fee transactions by third parties including financial advisers.
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.
