A former NAB executive has taken the reins at Fitzpatricks Private Wealth, being named chief executive of the non-bank dealer group business.
Matt Fogarty has been announced as the new CEO of the private wealth business, a Fitzpatricks spokesperson has confirmed to ifa.
Mr Fogarty was formerly general manager of NAB subsidiaries Garvan and MLC Financial Planning before leaving the bank as part of a recent reshuffle of its dealer group leadership, first reported by ifa in March.
Prior to joining NAB, he ran AMP dealer groups ipac and the collapsed Genesys Wealth Advisers, following a career as a practice management consultant.
ifa understands that John Woodley, the current CEO of the Fitzpatricks Private Wealth business, will take on a role as executive director focusing on coaching and mentoring the group's adviser network. John McMurdo will remain group managing director of the broader Fitzpatricks business.
The appointment follows the announcement of three new executives at Fitzpatricks in business development and compliance.
It also follows a major private equity injection from investors Quadrant and Yorkway in 2017.
The company is looking to expand its services for financial advisers.
The FPA has developed a new SOA video toolkit to guide members.
“All advice should be regulated in a similar way”, a financial services firm has argued in its QAR submission.
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