AZ NGA appoints GM of financial planning



Paul Barrett's AZ NGA, has appointed Adrian Ashton as its general manager of financial planning.
Ashton, who has been working within AMP was expected to step into his new role today.
The Italian-backed company, which unites financial planning practices, said it had experienced strong growth and was well ahead of their business plan.
Therefore, Ashton was appointed to cultivate that community of financial planning practices, according to AZ NGA.
Chief executive of the group, Paul Barrett, said Ashton would also be responsible for creating opportunities that helped the company's partner firms grow efficiency and profitably. Ashton had worked for AMP, both as a capital manager and as the director of their licensee advice, mergers and acquisitions division.
He had also worked as the NSW state manager for Leveraged Equities and helped purchase the Macquarie Margin Lending businesses, while he helped the company through significant margin lending reforms.
Ashton said he had always enjoyed working with financial planners and their businesses and had seen how the power of good advice could help clients throughout their lives.
"This is an opportunity for me to continue to do what drives me professionally," Ashton said.
Recommended for you
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.