SFG Australia has hired a former Commonwealth Financial Planning executive to head up its financial planning arm, Western Pacific, to oversee “best advice” outcomes for clients.
Nathan Stanton has been named in the position and will be responsible for working closely with the licensee’s representatives and affiliated practices to “support the delivery of ‘best advice’ and execution of practices’ business plans”, according to an SFGA statement. At Commonwealth FP, Stanton performed a similar managerial role, leading the business management team and dealership operations as executive manager.“I am excited about joining a business that has a clear focus on ‘best advice’ services,” Stanton said. “Through my career I have been committed to elevating the standards of advice through education, adviser support and service culture and I look forward to applying my experience and education to enhance the business."SFGA is a dynamic business going through a period of considerable growth and I couldn’t think of a more exciting business to be joining.”Stanton joins at a time of growth for the parent company, following SFGA’s acquisition of wealth management and accountancy group Lachlan Partners in February and proposed takeover of WHK.
The prudential regulator has released its latest corporate plan.
The bid was originally put forward in June.
ASIC has issued a permanent ban to the former financial adviser.
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