Centric shuffle
Independent wealth advisory group Centric Wealth has announced a new board of directors and joint chief executive officers ahead of its planned IPO in the first half of next year.
The new board, announced late on Monday, will comprise of Roger Davis as chairman and Martin Bloom, David MacKenzie, Alan Schwartz and Russell Pillemer as non-executive directors and Glen Castensen and Michael Pillemer as joint chief executive officers.
The group said that executives Mike Dunne and John Hart had been appointed as alternate directors and would contribute to the specialist expertise of the board.
Roger David is a consulting director at Rothchild Australia and has previously held roles as managing director at Citigroup and group managing director at ANZ Banking Group.
He is currently a director of Macquarie Office Management, Aristocrat Leisure, Territory Insurance Office and Trust Limited.
Recommended for you
A panel of advisers have argued charging fees accordingly is a top priority for the industry, but Peloton Partners has found firms are reluctant to increase them until the business pressure is “unavoidable”.
Equal weighted ETFs are gaining ground with financial advisers, according to AUSIEX, as they believe they can bring balance to client portfolios.
Financial services software and technology provider Fin365 has appointed a new executive chairman to the board to support the firm’s strategic growth plans.
The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to switch their superannuation into a poorly performing product.