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.
AUTHOR
Staff Writer
Recommended for you
It can be extremely hard to realise the gains from financial advice M&A, according to Peloton Partners’ Rob Jones, and more could be gained from firms looking inward at their own practice.
With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting, according to platform specialist Recep Peker, and which would be right for your clients.
The Federal Court has imposed a $10 million penalty on Macquarie Bank for failing to prevent and control unauthorised fee transactions by third parties including financial advisers.
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.
