Key adviser and distribution changes at BTFG

21 June 2018
| By Mike |
image
image image
expand image

Just hours after its announcement around ruling a line under its grandfathering arrangements, BT Financial Group has signalled changes within its adviser distribution arrangements.

The company’s general manager, BT Group Licensees, Phil Butterworth will be leading the Adviser Distribution team within the platforms business, succeeding the company’s Head of Adviser Distribution, Jo Moxey.

Moxey used an e-mail to clients and advisers to state that she had “decided to pursue another opportunity within the Westpac Group” and that as a result of her decision “there had been other announcements, combined with some structural changes within the Adviser Distribution team”.

“As of Monday 2 July, Phil Butterworth will lead the Adviser Distribution team who will maintain our focus on platform sales and servicing. Phil will no longer be responsible for the BT Group Licensees business given he is moving into this role; Ashley Stewart will be taking on the position as Head of BT Group Licensees alongside his role in Private Wealth,” Moxey’s e-mail said.

Butterworth said in his e-mail to stakeholders that he would be heading off on leave for a week and that any enquiries regarding BT Group Licensees should be directed to Kon Costas.  

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 5 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 1 day ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3