Chairman replaces Pillemer at Centric
The chairman of Centric Wealth, Philip Kelly, has taken the helm of the dealer group following the departure of its chief executive, Michael Pillemer.
Pillemer’s contract with the company has not been renewed and Kelly has taken on the role of full-time executive chairman until such time as a new chief executive can be recruited.
Pillemer’ departure followed the failure of contract negotiations with Centric.
Recommended for you
ETF providers Betashares and BlackRock are reporting increased flows for currency hedged vehicles, but an adviser has warned on the potential tax implications of changing currency.
The shift in scale and consolidation has led to substantial growth in large privately owned licensees, which have tipped past 20 per cent of advisers for the first time to make up 28.3 per cent of the industry.
Bravura chair Matthew Quinn is to step down later this year, following the exit of CEO Andrew Russell, while its future priority is digital advice in Australia.
Financial advice has an important role to play in navigating family discussions around inheritance, according to CFS, with younger generations expecting a windfall of more than $500,000 while older ones try to meet their retirement needs.