A spokesperson for the non-aligned licensee has confirmed to ifa that Mr Taylor will be handing over the reins to Neil Younger, the current managing director of the broader Fortnum Financial Group.
ifa understands that Mr Taylor will be staying within the Fortnum group in a business development role.
Mr Taylor was appointed to the job in July 2015 when Fortnum executive chairman Ray Miles stepped back from the day-to-day management of the licensee. He joined Fortnum in 2014 after holding a number of roles with NAB/MLC.
He oversaw a number of key developments for the firm including the integration of Financial Planning Services Australia, formerly owned by Netwealth.
In April, Fortnum poached former BT Financial Group executive Kerry Thomas to take on the newly-created role of head of advice.
More to come.
A wise decision taken by Fortnum
Aleks there is an ownership conflict with a platform (Hub 24) – in what universe are they non-aligned?
Yes Aleks, I know – non-aligned is a term used by the trade press to indiscriminately refer to any entity other than the Big Four or perhaps Big Four plus one. In any event, how is that in any way logical, accurate or helpful????? All this does is proliferate a falsehood that the eternal pessimists or those with the head in the sand for self serving reasons latch onto and run with.
How about you show some leadership Aleks and use the media to bring about positive change.
Wonder if it’s because they finally found the BNE based adviser selling clients investment properties without SoA’s and managing them like a real estate agent…
By ‘stepping down’ I’m reading ‘punted’, as was always going to be the case once Neil started.
Tsk tsk…there you go again, using that pesky “non-aligned” term that you’re not allowed to use to describe non-aligned licensees.
media is allowed, just not advisers. another thing the whole world is allowed to do but not us, just like property investment advice.