A surge in the number of advisers licensed under the Madison Financial Group has led the appointment of Jaime Johns as national practice development manager.
The group has seen adviser numbers grow by 20 per cent, to 88, in the last year, with the Madison managing more than $3.5 billion in funds under advice and $70 million in-force risk premium.
Madison general manager, Guilio Russo, said Johns had proven management skills and the ability to identify gaps in product and adviser capabilities, and fix them.
“The demographics of our adviser network has changed significantly during the past couple of years with a number of entrepreneurial and start-up ventures joining us. This has meant the demands on our services have also changed,” he said.
“This was reflected in our recent benchmarking survey where advisers indicated they wanted more support on business coaching and practice management than previously. Jaime has extensive experience in these areas and will be a valuable addition to our team.”
Russo added that Madison would continue to expand its adviser network, while making a number of changes to the business.
“The focus in 2016 will be to source ‘best of breed’ solutions around software support, approved products and managed accounts,” he said.
