Premium fills compliance role


Just days after confirming it had been the subject of an offer from Australian Unity, dealer group, Premium Wealth Management announced it had finally filled the key role of head of compliance.
The dealer group announced that it had managed to recruit IOOF’s John Cruz to the compliance role.
As well as working in audit at IOOF, Cruz has also worked within Count Financial.
Confirming the appointment, Premium Wealth chief executive, Paul Harding Davis pointed to Cruz having majored in financial planning as part of his business degree.
“We conducted an extensive search to fill this critical role and we are confident we have found the right person,” he said.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.