Klipin departs Millenium3



Millenium3 chief executive, Richard Klipin is departing the ANZ-owned business.
Money Management has confirmed that Klipin, a former chief executive of the Association of Financial Advisers, will be finishing with Millenum3 today.
It is understood that Klipin's departure has been prompted by a restructuring within ANZ aimed at generating cost savings across its wealth businesses.
Recommended for you
ASIC commissioner Alan Kirkland has detailed the regulator’s intentions to conduct surveillance on licensees and advisers who are recommending managed accounts, noting a review is “warranted and timely” given the sector’s growth.
AMP and HUB24 have shared the areas where they are seeking future adviser growth, with HUB24 targeting adding more than 2,000 advisers to the platform.
Bravura Solutions has appointed a new chair and deputy chair to take over from departing Matthew Quinn, while Shezad Okhai picks up another responsibility.
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.