Aggregator PLAN Australia has announced two major changes as it looks to embark on a period of growth and expansion.
The aggregator yesterday announced that its chief executive officer Phil Quin-Conroy has decide to step down from his role and that it has proposed to integrate with Advantedge Financial Solutions (AFS).
AFS is a subaggregation business that works with financial advisers to meet the finance needs of customers.
In a statement provided to Australian Broker
, a PLAN Australia spokesperson said the proposed integration with AFS would help the aggregator meet its growth targets, while also allowing PLAN brokers to improve their offerings.
“This change will see the incorporation of AFS into PLAN Australia, which will continue under the name PLAN Australia,” the spokesperson said.
“Our focus is on continuing to grow and strengthen PLAN Australia and we believe this decision will provide the appropriate structure to achieve that ambition.
“The change will allow a closer relationship between PLAN and its wealth counterparts and enable PLAN brokers to continue to evolve and diversify their offering for their customers.”
While the spokesperson said the proposed integration would be a positive for PLAN Australia in terms of growth, it does appear to be the impetus for Quin-Conroy’s decision to move on.
“This inevitably provides the chance to consider new challenges and as a result, Phil Quin-Conroy has decided to stand down as CEO of PLAN Australia and pursue other opportunities,” the spokesperson said.
“Phil will remain in his role as CEO until early October.”
Anthony Waldron, PLAN Australia chairman, said Quin-Conroy had made a significant contribution to the aggregator’s fortunes in his six years in the CEO’s chair.
“Phil has been a huge part of the PLAN Australia journey, starting in 2010 when he led the development and strengthening of the Podium platform, before taking on the role of CEO over three years ago, where Phil has driven a legacy of growth,” Waldron said.
“We wish Phil all the very best in his next chapter and thank him for his enormous contribution to the shaping and evolution of PLAN Australia,” he said.