Weston to retire
High profile financial planning identity Max Weston has given up his post as head of KPMG Financial services for semi-retirement.
Weston, who has lead KPMG into the financial services sector for the last 11 years leaves the company after a decision to move into a consultative position with KPMG. KPMG Financial Services was sold to St George Bank last year after ten years with the big 5 accounting giant.
But Weston is probably even better known in financial planning circles as one of the founders with John Godfrey of Godfrey Weston which went on to become Godfrey Pembroke and was then sold to MLC last year. He was also a central figure in the early days of the Financial Planning Association.
"The time has come for me to step down and let a more youthful executive lead the business," he says.
"I have spent over 30 years servicing clients and building financial planning businesses."
St George is yet to announce Weston's replacement
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.