Rowe resigns from FASEA board
The chief executive of CountPlus, Matthew Rowe, has resigned his position on the board of the Financial Adviser Standards and Ethics Authority (FASEA).
Rowe confirmed his resignation to Money Management today after it was noted that his status as a serving board member had changed on the FASEA website.
Rowe, who is a past chairman of the Financial Planning Association (FPA), said he had resigned because of work pressures associated with CountPlus’s recent acquisition of Count Financial from the Commonwealth Bank.
“I have my hands full dealing with settling down that transaction,” he said.
Rowe is understood to have tendered his resignation from the FASEA board about two weeks’ ago.
Recommended for you
It can be extremely hard to realise the gains from financial advice M&A, according to Peloton Partners’ Rob Jones, and more could be gained from firms looking inward at their own practice.
With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting, according to platform specialist Recep Peker, and which would be right for your clients.
The Federal Court has imposed a $10 million penalty on Macquarie Bank for failing to prevent and control unauthorised fee transactions by third parties including financial advisers.
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.
