RI Advice CEO steps down for family reasons


Chief executive officer of ANZ-owned dealer group RI Advice, Paul Campbell, has left the group for family reasons, the company has announced.
According to a statement released by ANZ, a replacement would be announced "in due course".
"His contribution to the business has been significant and positions RI well for the future," the banking group stated.
The group added Campbell is leaving the business with "excellent working relationships and the respect of the broader RI and ANZ Wealth teams".
Earlier this year, RI Advice Group underwent a business review, which included restructuring practice agreements to remove conflicted remuneration structures.
RI Advice head of practice management Peter Ornsby said a key consideration was getting the group ready for Future of Financial Advice changes.
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.