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
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
