AFS board backs Daly
The board of Australian Financial Services Group (AFS Group) has backed the company's chief executive, Peter Daly, in the face of reports of adverse comments attributed to a former board member.
In a message to AFS and Salisbury Group principals, AFS chairman Barry Stephen said the board disapproved of the comments related to Daly and described them as a "filtered and subjective view of the past" which "contain numerous material inaccuracies".
"The Board totally supports Peter Daly and believes he is the correct person to lead the organisation and commends him on the professional way in which he has dealt with these personal attacks," Stephen's message.
"The Board is equally committed to the growth and success of the Salisbury Group and has no intention of consolidating practices nor of disposing of anything or anybody," his message said.
AUTHOR
Mike Taylor
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
