New chief for St George planners
The branch based financial planning network of the St George Bank has a new chief, following the promotion today of David Gall.
Gall, who has been appointed the bank’s group executive of retail business, will be responsible for St George’s retail branches, automatic teller machines and mobile home lenders, as well as its network of just over 100 branch based financial advisers.
He takes over from Andrew Thorburn, who left St George to join the National Australia Bank’s retail banking arm last year.
Gall, who will report directly to chief executive Gail Kelly, will not have responsibility for the bank’s third party dealer group, Securitor Financial Group.
Securitor is by far St George’s largest distribution network, with some 440 financial advisers.
Gall was previously the head of sales and distribution for St George’s corporate and business banking division.
He has worked for the bank for 15 years.
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.