Dealer group Australian Financial Services Group (AFS) has announced plans to conduct a strategic review and internal restructure of its business.
The review, which is expected to take eight to 12 weeks, follows discussions with the dealer group's advisers about evolving the business, AFS chief executive Alan Logan said in a statement.
"There is a recognition that our profession has fundamentally changed with real challenges ahead," Logan said.
"We've agreed that AFS Group must evolve if it is to be relevant and deliver value.
"Once a range of fully costed scenarios are completed, we will speak with our advisers and key stakeholders, decide on the right direction and move quickly to implement."
As part of the internal restructure, the role of AFS head of distribution has been made redundant, resulting in Mark Ryan leaving the dealer group.
The regional managers will now report directly to Logan.
The review will be assisted by Bob Neill and David Fotheringham of Seaview Consulting, Logan said.
Logan, the newly appointed chief, assumed the top job at AFS on 3 September following his appointment in July.
He replaces Peter Daly who was forced out of AFS in May after he and the company's non-executive directors failed to agree on the dealer group's future direction.
Logan has more than 22 years' distribution and general management experience in financial services, and has also worked at ANZ, Apogee Financial Planning, MLC and BT Funds Management.
