Mercer shuffles Wealth Solutions team
Mercer Wealth Solutions has consolidated its position within the broader group with the appointment of a full-time head and a new chief financial adviser.
The group has signed-up former Bridgeport financial planning manager Bronwyn Speed to the newly created head planner role, while Mercer executive David Anderson has been promoted to national practice manager to take over the day to day running of Wealth Solutions from executive director investment advice, Tony Cole.
Cole will now straddle bothMercer Investment Consultingand Wealth Solutions with their respective heads Chris Andrews and Anderson reporting to him.
Anderson, who has been a senior executive at Mercer for five and a half years, will be responsible for the complete spectrum of Mercer services to individuals - spanning financial advice, its service centre and web services, along with wealth education and product development.
“Mercer Wealth Solutions is now well positioned to combine its services for the benefit of many clients be they members of Mercer administered super funds, investors in Mercer trusts or the many thousands of individuals who rely on our strategic financial planning advice,” Anderson says.
Meanwhile Cole says the appointment of Speed, who prior to March 11 represented the Institute of Chartered Accountants on a selective Government committee on Financial Services Reform, represents the group’s strong commitment to raising its financial advice standards.
Speed’s chief role will be to provide mentoring and support to Mercer planners and assist in the development of products and client services.
Prior to Bridgeport, where Speed was responsible for two financial planning businesses with combined funds under advice of $1.6 billion, she was AM Corporation accountant and researcher services national manager for two years.
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.
