Omniwealth appoints new director

Financial planning group Omniwealth has appointed a new director, Matthew Kidd, as part of the firm's plan to drive business growth and diversification.  

Kidd brings 13 years experience across finance, operations and management. He most recently served as a director of privately held business at Grant Thornton Australia. Kidd headed up wealth advisory services for the firm, as well as running privately held business development in Sydney. He also played a significant role in development of the Grant Thornton national professional services team. 

Kidd's focus included self-managed superannuation funds (SMSFs), superannuation, corporate superannuation, portfolio management, investment advice, personal and business risk insurance, and lending.

Prior to that, Kidd was the director in charge of Accru Financial Planning for seven years, servicing high net worth clients. In this role, he oversaw superannuation and corporate super, portfolio management, investment advice, personal and business risk insurance and lending. 

Kidd was also the senior development manager (NSW/ACT) at Adelaide Bank, where he was mainly responsible for money market inflows. 

Kidd said his primary objectives in the new role will be to help clients obtain financial security, while also being responsible for thought leadership and growth analysis.

"With the proposed legislative changes shortly to take effect, we are in the process of implementing several new approaches to the company," Kidd said. The new approaches are intended to "raise the bar of financial planning services," he added. 

Kidd said the firm would focus on quality over quantity. "Our goal is to support the top, FOFA-ready financial advisers with the best services the industry has to offer. It's not about being the biggest."

Omniwealth chief executive officer and co-founder Aaron Greaves said Kidd was chosen to help direct and accelerate the firm's growth. 

Kidd will be responsible for the implementation and analysis of growth strategies including corporate development, national expansion, and new partnerships.