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IOOF expands advice-led capabilities: ANZ Aligned Dealer Groups to join IOOF on 1 October

21 Aug 2018

From IOOF

Rnato Mota

IOOF Holdings Ltd (IOOF) announced on 20 July 2018 that ANZ Wealth’s aligned advice licensees and supporting teams would join IOOF on 1 October 2018, following the early completion of IOOF’s acquisition of ANZ’s Aligned Dealer Groups business.

Renato Mota, Group General Manager of Wealth Management for IOOF, said “This expansion of our advice-led capabilities, provides us with the opportunity to execute our advice-led strategy on a new scale, with a step-change in our resources and reach.

“To support the change, we have created a new wealth management structure to support the expanded capability. The new structure is designed to maximise IOOF’s ability to support the creation of higher quality, and more efficient, advice businesses of the future; while ensuring it retains a flat, agile structure and remains close to clients.

“Key to this is the newly created role of General Manager Advice. We want someone absolutely focused on ensuring that IOOF advice business is wholly committed to clients outcomes and assisting advisers deliver these.

“I am delighted to announce that Mr Darren Whereat, currently ANZ General Manager, Aligned Licensees and Advice Standards, has been appointed to this role.

“Darren is a talented and experienced professional and a passionate advocate of advice-led wealth management. He wants every Australian to not only understand the value of good financial advice but also have the confidence to access it. This is a true fit with IOOF’s purpose.”

Mr Whereat has more than 25 years’ experience in the financial services industry, having held senior management roles across Advice, Distribution and Workplace Superannuation.

In this new role, Mr Whereat will be responsible for the advice enablement teams joining IOOF from ANZ as well as IOOF’s existing teams.

Prior to his current position at ANZ, Mr Whereat was CEO of RI Advice Group for over three years and previously held senior roles in advice businesses at BT Financial Group, Asgard and MLC.

Tags:Darren Whereat Renato Mota

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