{"id":74910,"date":"2024-12-02T13:20:48","date_gmt":"2024-12-02T03:20:48","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=74910"},"modified":"2024-12-04T06:29:00","modified_gmt":"2024-12-03T20:29:00","slug":"entireti-completes-amp-acquisition-leadership-team-named","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2024\/12\/02\/entireti-completes-amp-acquisition-leadership-team-named\/","title":{"rendered":"Entireti Completes AMP Acquisition \u2013 Leadership Team Named"},"content":{"rendered":"<p>Business services and licensing group,<a href=\"https:\/\/entireti.com.au\" target=\"_blank\" rel=\"noopener\"> Entireti<\/a> has completed the acquisition of AMP Limited\u2019s financial advice businesses, including AMP Financial Planning, Hillross and Charter Financial Planning &#8211; currently referred to as NewCo &#8211; and unveiled the group\u2019s expanded senior leadership team.<\/p>\n<p>Entireti, which houses Fortnum Private Wealth, Personal Financial Services and NewCo, says it now has around 1,300 financial advisers, 400 businesses and around 180 employees.<\/p>\n<p>The company says under the group\u2019s new structure, the executive leadership team consists of:<\/p>\n<ul>\n<li><strong>Neil Younger<\/strong>, Group CEO and Managing Director<\/li>\n<li><strong>Glen Castensen<\/strong>, Group Chief Operating and Financial Officer<\/li>\n<li><strong>Daniela Mascarello<\/strong>, Executive General Manager, Group Risk<\/li>\n<li><strong>Matt Lawler<\/strong>, CEO NewCo (AMPFP, Hillross, Charter &amp; Jigsaw)<\/li>\n<li><strong>Matt Brown<\/strong>, CEO, Fortnum &amp; PFS<\/li>\n<li><strong>Cassandra Salmon<\/strong>, Executive General Manager, Group Technology<\/li>\n<li><strong>Simone Munro<\/strong>, Executive General Manager, Group People and Brand<\/li>\n<li><strong>Nick Hilton<\/strong>, Executive General Manager, Advice Delivery<\/li>\n<li><strong>John Carnevale<\/strong>, Executive General Manager, Investment Services.<\/li>\n<\/ul>\n<figure id=\"attachment_74912\" aria-describedby=\"caption-attachment-74912\" style=\"width: 151px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2024\/12\/Neil-Younger-Screenshot-2024-12-02-at-15-11-06-About-Entireti-Entireti-Limited-e1733105587380.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-74912\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2024\/12\/Neil-Younger-Screenshot-2024-12-02-at-15-11-06-About-Entireti-Entireti-Limited-e1733105587380-254x300.png\" alt=\"\" width=\"151\" height=\"178\" srcset=\"https:\/\/riskinfo.com.au\/news\/files\/2024\/12\/Neil-Younger-Screenshot-2024-12-02-at-15-11-06-About-Entireti-Entireti-Limited-e1733105587380-254x300.png 254w, https:\/\/riskinfo.com.au\/news\/files\/2024\/12\/Neil-Younger-Screenshot-2024-12-02-at-15-11-06-About-Entireti-Entireti-Limited-e1733105587380-356x420.png 356w, https:\/\/riskinfo.com.au\/news\/files\/2024\/12\/Neil-Younger-Screenshot-2024-12-02-at-15-11-06-About-Entireti-Entireti-Limited-e1733105587380.png 463w\" sizes=\"auto, (max-width: 151px) 100vw, 151px\" \/><\/a><figcaption id=\"caption-attachment-74912\" class=\"wp-caption-text\">Neil Younger<\/figcaption><\/figure>\n<p>Younger says the group\u2019s large, experienced team and commitment to hitting completion targets &#8220;&#8230;ensured a smooth transition and minimal disruption to day-to-day operations for businesses coming across while also maintaining high standards of service and support for existing businesses.\u201d<\/p>\n<p>He says across the business there is a sense of excitement and a strong alignment of vision and purpose.<\/p>\n<p>\u201cOur size enables us to deepen our services and solutions for advisers and their clients. At the same time, as a house of brands, we can provide personalised service and support, and preserve and foster the characteristics that make each underlying proposition unique.\u201d<\/p>\n<p>Younger says the group has plans about how to grow together, leveraging its national footprint.<\/p>\n<blockquote><p>&#8230;Our focus is not about being the largest, it\u2019s about increasing our relevance for advisers and their clients&#8230;<\/p><\/blockquote>\n<p>\u201cOur focus is not about being the largest, it\u2019s about increasing our relevance for advisers and their clients both now and into the future.\u201d<\/p>\n<p>The firm recaps that on August 8, 2024, Entireti, AZ NGA and AMP Limited announced a strategic partnership to provide comprehensive licensing and business services to AMP\u2019s self-employed and self-licensed practices (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2024\/08\/08\/new-amp-partnership-transforming-advice-industry-landscape\/\" target=\"_blank\" rel=\"noopener\">New AMP Partnership &#8216;Transforming Advice Industry Landscape&#8217;<\/a>).<\/p>\n<p>It says that under the deal, AZ NGA acquired AMP\u2019s minority equity stakes in 16 AMP-aligned firms, and Entireti acquired AMP\u2019s financial advice businesses including AMP Financial Planning, Hillross, Charter Financial Planning and Jigsaw Advice Solutions.<\/p>\n<p>A joint venture entity, 70% owned by Entireti and 30% owned by AMP, was established and tentatively named NewCo to provide licensing and business services to the AMP businesses transitioning to Entireti.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business services and licensing group, Entireti has completed the acquisition of AMP Limited\u2019s financial advice businesses, including AMP Financial Planning, Hillross and Charter Financial Planning &#8211; currently referred to as NewCo &#8211; and unveiled the group\u2019s expanded senior leadership team. Entireti, which houses Fortnum Private Wealth, Personal Financial Services and NewCo, says it now has [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":74914,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,4474],"tags":[],"class_list":["post-74910","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dealer-groups","category-practice-management"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/74910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=74910"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/74910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/74914"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=74910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=74910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=74910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}