ANZ Wealth licensees prepare to join IOOF

Following the early completion of IOOF’s acquisition of ANZ’s Aligned Dealer Groups business, ANZ Wealth’s aligned advice licensees and supporting teams are set to join the advice firm on 1 October this year.

Group general manager of wealth management for IOOF, Renato Mota, said the expansion of IOOF’s advice-led capabilities would boost the firm’s opportunity to execute advice-led strategy on a new scale, and a new wealth management structure had been established to support this.

“The new structure is designed to maximise IOOF’s ability to support the creation of higher quality, and more efficient, advice businesses of the future; while ensuring it retains a flat, agile structure and remains close to clients.”

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Mota said key to the structure was the newly created role of general manager advice, which current ANZ general manager, aligned licensees and advice standards, Darren Whereat, would assume.

Whereat has more than 25 years’ experience in the financial services industry, and in his new role, would be responsible for the advice enablement teams joining IOOF from ANZ as well as IOOF’s existing teams.


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