Countplus appoints new financial planning business head
Countplus has appointed Pierre Kraft as the chief executive officer of its new financial planning business, Advice389.
Countplus is set to launch Advice389 in mid-May, with the business looking to partner with financial planning firms through a shared equity model.
Kraft's role will include looking after business strategy and meeting growth targets, while leading the business' partner principals.
Countplus CEO Phil Aris said Kraft has solid experience in the financial advice industry, while Kraft said he will reveal more information about Advice389 in the coming months.
Kraft is currently director and executive chairman of Countplus subsidiary TFS Group.
He was previously managing director and partner at Aon Hewitt Wealth Management, during which time he launched Wealth Management Asia as chair of the Asian Wealth Management Project. He has also worked at MLC in various capacities.
Kraft was also co-chair of the Future of Financial Advice committee for the Association of Financial Advisers.
He started his role in February, reporting directly to Aris.
AUTHOR
Malavika Santhebennur
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
