Advice veteran to retire from AdviceIQ
Advice veteran Paul Harding-Davis is to step down from licensee AdviceIQ Partners after eight years, and the business has appointed a new general manager.
Harding-Davis has worked as general manager at the firm since 2016 and has over 35 years’ experience in financial advice and fund management with previous roles, including head of advice at Australian Unity Personal Financial Services (PFS), chief executive at licensee Premium Wealth Management, and head of sales at Australian Ethical.
Australian Unity PFS was acquired by Fortnum Private Wealth in November 2023 in a tripartite deal with Nestworth Financial Strategists and subsequently, the two advice firms rebranded as Entireti. The newly combined firm went on to acquire the licensed and self-licensed advice divisions of AMP last year and is now the largest advice licensee in Australia with over 1,000 advisers.
In Harding-Davis’ place, AdviceIQ has appointed John Sullivan to replace him in the general manager role. Sullivan will start on 3 February, with a handover period until Harding-Davis departs on 3 April.
Sullivan previously spent a decade at Macquarie Group with a focus on wealth management and was the head of its Virtual Adviser Network (VAN) until his departure at the end of 2023.
Andrew Harding, chair of AdviceIQ, said: “John is highly qualified and has had a distinguished career. The AdviceIQ board is excited by the future prospects and look forward to John joining the group.”
Sullivan added his role will include a focus on expanding the business beyond its current advice practices.
“We are keen to selectively add a few more practices to our unique mutual ownership licensee structure, which fosters accountability and knowledge sharing and I am eager to get started,” he said.
Brisbane-based AdviceIQ is a boutique network of advice practices working with high-net-worth clients that supports advisers with their AFSL, operations and risk management.
AUTHOR
Laura Dew
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
