Esler sells stake in Midwinter
The co-founder of financial planning software provider Midwinter Financial Services, Matthew Esler, has resigned as non-executive director and sold his stake in the business after taking up a senior role with Ibbotson.
"With Matthew's recent promotion to head of distribution at Ibbotson, he felt that he could not devote enough time to his non-executive director role at Midwinter," said the company's managing director, Julian Plummer.
As a result Matthew has resigned from the board and released his interest in Midwinter.
Plummer said Esler played a significant role in Midwinter's success in developing and managing the relationships with licensees and financial advice practices since 2007, announcing a number of software releases this year.
The company will also focus on enhancing its paraplanning services offered to large institutions, particularly in regards to the new scaled advice rules, Plummer added.
Recommended for you
The RBA has made its latest interest rate decision at the the final monetary policy meeting of 2025.
State Street is actively seeking to launch ETFs in the Australian government, corporate and high yield bond space next year in order to capitalise on the phase-out of AT1 hybrids.
Greater consistency across the ASIC adviser exam has helped boost the number of first-time candidates this year with many opting to sit before undertaking a Professional Year.
Financial advice practice Eureka Whittaker Macnaught is in the process of acquiring three firms to boost its annual revenue to $25 million.
