A trio of non-aligned financial advice business have made moves designed to expand their service offerings to advisers and clients.
Sentry Signs New Wealth Solutions Head
Non-aligned financial planning licensee, Sentry Group, has appointed a former state manager for fund manager as its new Head of Wealth Solutions.
Sentry Group Chief Executive Murray Hills said Karen Brown had been named to the Perth based role and would be responsible for strategic advice in the application of wealth management strategies, products and services for the group’s investor and superannuation clients.
Hills said the role involves one-on-one consulting with the group’s practices and advisers across Australia in the areas of portfolio structures and construction, in-depth product comparisons, asset allocation and investment strategies.
Brown was most recently a State Manager for Grant Samuel Funds Management and has been a State Manager for Challenger Limited and has also worked in the areas of insurance, corporate superannuation, self-managed superannuation, administration platforms and funds management.
GPS Wealth Offers SOA Tool to Accountants
GPS Wealth has launched a software package for accounting firms providing access to a cloud-based Statement of Advice (SOA) tool and a range of financial calculators, following the release of the same package to advisers in July.
The new tools include an automated Personal Financial Management (PFM) tool, a debt recycling calculator, an investment property calculator and a gap analysis tool to help accountants identify any deficiencies concerning insurances and estate planning and meet their obligations under the Australian Securities and Investment Commission’s new licensing regime.
“Our goal is to help advisers and accountants provide quality, client-centric advice and combat ongoing legislation change,” GPS Wealth director Greg Holman said.
Omniwealth Expands Mortgage Business
Diversified financial services group, Omniwealth has acquired an established mortgage broker to boost its expertise in property and finance and will add five more people to its current mortgage and finance team.
Omniwealth has acquired Westminster Finance and Business Solutions, currently overseen by James Grima with the Balmain based broker set to relocate to Omniwealth’s Australia Square office over the next 6-12 months.
As part of the acquisition three brokers, two support staff and an established overseas processing team will move into the Omniwealth business
Omniwealth Group Managing Director, Matthew Kidd said the purchase was part of a strategic plan to increase the size of its Mortgage and Finance division ahead of forecasted growth in the business.
