Investor Group hires dealer services head
Financial planning consolidator Investor Group has created a new management position aimed at supporting the 105 advisers across its Investor Financial Planning and Prescott Consultants networks.
Former Norwich Union Life Australia executive Craig Lake is now the dealer services manager after joining Investor Group two weeks ago.
Lake leaves Norwich after a total of 12 years with the company and a range of senior positions, including that of manager of dealer services.
The chief executive of Investor Group’s Investor Financial Services division, Tim Townsend, says the appointment reflects the rapid expansion of the group’s financial planning network over the past 12 months.
In August, Investor Group added a fourth firm to its Prescott brand after paying $9.55 million for Sydney based Williams Hatchman and Kean (WHK).
The acquisition followed that of Sanderson Blair, Accumulus and Prescott itself over the past year, all of which will operate under the Prescott banner.
“Given the scale of operations we now support, we must ensure the needs of our existing advisers continue to be met in an effective and efficient way,” Townsend says.
The appointment of Lake also follows that of Anthony Garvey, the former head of managed funds research at Lonsdale Securities, who joined Investor Financial Planning as technical and research manager in May.
Townsend has also flagged further appointment’s to Investor Group’s internal support team, with an individual to manage the group’s wrap platform high on the list of priorities.
“We are currently in the market for a person to handle our group Wrap holding of $540 million,” Townsend says.
Recommended for you
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
