Mortgage Choice gets new CEO
Mortgage Choice in late December announced it had recruited former National Australia Bank senior executive, John Flavell, as its new chief executive officer.
Flavell, who will take up his new role in early April, was previously executive general manager, wealth advice at MLC.
Confirming Flavell's appointment, Mortgage Choice chairman, Peter Ritchie pointed to Flavell's previous experience within NAB as general manager, third party distribution.
"In addition, John held senior roles at Aussie Home Loans where he was part of the executive team responsible for the successful transition of the business into mortgage broking," he said.
Recommended for you
High-net-worth clients with between $5-10 million are found to have the greatest unmet advice needs, according to LGT Crestone, with inheritance planning viewed as the most-sought after help.
The advice industry is in an “arms race” according to minister for financial services, Daniel Mulino, around the use of technology in superannuation switching scams such as Shield Master Fund.
Advisers are now serving more ongoing clients, according to a CFS report, but efficiency limitations continue to hinder the 82 per cent looking to serve more.
The FAAA is hopeful the education and experience pathway deadline will be the “last big thing” that could cause an adviser exodus but concern now turns to advisers moving to the wholesale space.

