The head of dealer groups for BT Financial Group, Neil Younger, has resigned and will be replaced by Matt Englund. Younger has joined Commonwealth Financial Planning, where he will be general manager.
BT’s general manager of advice, Mark Spiers, announced Younger’s departure and Englund’s appointment this morning. No reason was given for Younger’s departure.
Englund takes up his new role immediately, having previously led BT’s practice management team.
Spiers said Englund had “led our program of work to respond to the Future of Financial Advice reforms and provided valued input into our discussions with Government on a number of key regulatory proposals”.
Commonwealth boasts almost 700 financial planners. Younger will take up his new role next month.
Colonial First State’s general manager of advice business, Paul Barrett, said Younger had “significant experience and a deep understanding of what will be required of successful financial planning firms in the future”.
Don, You are absolutely and succinctly correct. The majority of managers in funds management and their in-house dealer groups have no practical industry experience, always preach to Advisers about Client service-support-loyalty-compliance-etc, yet spit the dummy and move away from their “responsibilities” where they have usually been non-achievers and create havoc in their new sinecures. My description for most of them – “refugees from reality living off the success of Advisers”.
One faceless man replaces another!. I still struggle to see what these people achieve or do for me in my practice.