IOOF announces advice structure shake-up

IOOF’s regional business managers will now support advisers and their businesses across their respective AFSL hubs, with RBMs within Peter Ornsby’s ‘Holistic’ group supporting advisers across RI Advice, Consultum and Financial Services Partners, while RBMs within Helen Blackford’s ‘Integrated’ group will work across Lonsdale and Millennium3.

The roles will remain state-based to provide on-the-ground support in Perth, Adelaide, Sydney, Melbourne and Brisbane, while each ASFL hub will also have an operations team that will work across the AFSLs in that hub.

The organisational structure of Bridges will also be changing as it shifts to focusing on providing advice rather than licensing.

The roles of PDM and alliance manager will be combined to create a new role of advice manager. The new role will manage and supervise Bridges employed financial planners and manage key alliance partnerships at a local level.

There will also now be two partnership operations managers who will own the relationships and ultimately be responsible for maintaining and growing these relationships from a group level. A standalone operations team will be created reporting directly to CEO Nathan Stanton.

The new structure is intended to be operational by 9 November.