As the new head of Actuate Advice Solutions Mr Powell will be responsible for building the group into a leading service provider to dealer groups, practices and advisers in Australia. He will join SFG on 5 November.
"With the consolidation of dealer groups into the big banks, insurance and fund companies over recent years, we anticipate good demand for a preeminent B2B service provider, which assists practices to deliver best advice to their clients via a variety of partnering business models to suit their needs," SFG managing director Tony Fenning said.
Mr Powell has over 25 years' experience in the wealth management and financial services industry and joins from AMP, previously holding the role of director of corporate and IFA [independent financial adviser] distribution for a number of years.
Prior to AMP, he worked for ING Australia and SEALCORP Holdings, which involved managing the Securitor dealer group and the distribution of the Asgard platforms.
Actuate Advice Solutions sits alongside SFG's affiliate licensed model Western Pacific. It functions as a business partnership model for contemporary dealer groups and practices, leveraging the group's infrastructure, products, services and skills to assist in building client value, productivity and profit into their businesses.
