AMP combines leadership role for ipac and Charter
AMP has internally promoted Tim Mitchell-Adams as managing director to two of its financial planning firms, Charter and ipac.
The appointment follows a decision to combine the leadership of ipac and Charter. After this decision former head of ipac, Tim Steele, and former head of Charter, Kevin Stone, decided it was the right time to look for new opportunities outside AMP, according to the firm.
Mitchell-Adams is now responsible for leading the Charter, ipac, Jigsaw, and self-managed super fund (SMSF) Advice business and is reporting to AMP's group executive advice and banking, Rob Caprioli.
Most recently, Mitchell-Adams was AMP's head of retail sales and national accounts responsible for servicing the group's advice licensees across platforms, investments, insurance, SMSF, and AMP Bank.
Prior to this he was at AXA leading its national sales team.
"He has developed strong relationships with advisers across Charter and ipac over many years and his focus will be on ensuring high standards of adviser professionalism," Caprioli said.
"Both Charter and ipac have a strong reputation for quality financial advice and under Tim's leadership I look forward to this continuing."
Recommended for you
As the industry navigates the fallout from recent product failures, two major AFSLs have detailed their APL selection process and relationship with research houses, warning a selection error could “destroy” a licensee.
The impending retirement of financial advisers in their 50s could see the profession face significant succession challenges over the coming decade and younger advisers may not be the answer.
With a third of AFSLs being solo advisers, how can they navigate key person risk and ensure they are still attractive propositions for buyers when it comes to their succession planning?
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
