BT Financial Group has ramped up its business in the self managed superannuation fund (SMSF) market in South Australia, hiring Neil Sparks to head the distribution of the group in the region as well as the Northern Territory.
Sparks is a SMSF specialist and a member of the professional body, the SMSF Professionals’ Association of Australia (SPAA).
His previous job was with the Australian Executor Trustees as regional sales manager.
“Neil’s deep technical ability and networks in the area of self managed super funds will be a great asset to BT as we look to develop our offering in the Do it Yourself space,” BT wrap and wealth solutions head of distribution Don Sillar said.
“In the last year we’ve seen 70 per cent of flows into BT Investment Wrap channelled into self managed super funds, taking the total assets in these funds to $8 billion”
In the newly created job, Sparks will support advisers and the dealer groups in both South Australia and the Northern Territory.
The dealer groups include Count, DKN, Genesys, Lonsdale, Tynan Mackenzie, WHK and William Buck.
