Rick Di Cristoforo's exit sparks Matrix speculation
Speculation about the future of dealer group Matrix Financial Solutions increased this week following the exit of its chief executive Rick Di Cristoforo.
Di Cristoforo's departure became public on Tuesday shortly after he had signaled to the Matrix board his intention to resign.
Di Cristoforo is expected to take a break from the industry, with Matrix believed to have already initiated the process to find and appoint his replacement.
The dealer group was regarded as being "on the block" for around 18 months, but announced late last year that it was no longer on the market.
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
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.
