Fortnum restructures executive team

As a result, the group has internally promoted national sales manager Joel Taylor to the newly-created role of managing director of Fortnum Financial Advisers.

Mr Taylor will continue to report to Fortnum Financial Group co-founder Mr Miles.

"Joel is extremely talented and hardworking and he gets the Fortnum culture. He has a strong rapport with the advisers, and it made sense for us to have a dedicated managing director for each of Fortnum's three core businesses," Mr Miles said.

"I'm fully committed to Fortnum Financial Group and Joel's appointment releases me to focus on the group as a whole."

The group includes research and asset consultancy Innova Asset Management and technology arm e-Clipse Online.

Fortnum Financial Advisers has also appointed former Shadforth Financial Group regional practice manager and head of client relationship manager Elva Pica to the new position of advice implementation manager. Ms Pica will relocate to Sydney from Melbourne.

Former Commonwealth Bank operations analyst Kristina Coffey has been appointed licensee relationship manager, while experienced consultant Jonathan Burke has joined as technical advice specialist.

In September, Fortnum Financial Advisers will also welcome managing director of Henry Financial Group Phil Little to the team as business growth manager. He will work closely with Mr Taylor to help practices improve their productivity and profitability as well as recruit new advisers.

Mr Taylor described the group's expanded practice management team, which also included business coach Scott Charlton, as one of the "largest, strongest and most experienced teams in the country".

"Many of the practices we attract are large and growing businesses with significant top line revenue and our goal is to help them achieve 15 per cent growth year on year by providing practice management services and training so they're resourced and empowered to deliver of great advice," he said.

"The Fortnum model is one where the interests of advisers and the licensee are fully aligned. It's in everyone's best interests for clients to receive quality service and advice that leads to improved outcomes. We also want to make sure that our advisers are at the forefront of the market in terms of professionalism and advice."