Henderson Maxwell’s owner has clarified that CEO Sam Henderson will leave the industry following his testimony before the royal commission as his firm merges operations with a sister company.
Last week, ifa reported that Henderson Maxwell will be merging operations with fellow AZ NGA network member Pride Advice.
A spokesperson for AZ NGA has subsequently clarified that Mr Henderson will not be one of the advisers moving across to Pride Advice, instead opting to exit the financial advice industry altogether.
“Henderson Maxwell can confirm that Sam Henderson has indicated that he will be retiring from the financial planning industry,” the spokesperson said.
“He has asked media to respect his privacy.
“Henderson Maxwell clients are being informed that Henderson Maxwell Financial Planning has joined forces with Pride Advice, another business owned by AZ NGA.”
Mr Henderson underwent intense cross-examination during the royal commission’s second round over a client complaint by former client Donna McKenna, his involvement with the FPA and alleged misconduct by Henderson Maxwell staff.
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