Otivo welcomes industry veteran to the board

As Otivo prepares for a big year in the digital advice space, the firm has announced the appointment of Michael Swinsburg, a 30-year veteran of the advice industry, to its board to “support growth and innovation” for the future.

Swinsburg has been managing partner at Alexander Hughes for 13 years, with a wealth of expertise in executive search, leadership advisory and financial services.

Over the remainder of his career, Swinsburg held a number of senior roles, including managing director at Strategic Executive Search Group, private wealth manager at Arnheim Gillard Financial Consultants, and partner, wealth and asset management at Hamilton Partners.

“This appointment strengthens Otivo’s leadership as it meets the increasing demand for digital advice solutions, driven by partnerships with industry leaders like Colonial First State and NESS Super, alongside growing collaborations with advice practices and corporate Australia,” the firm said.

“His addition to the board re-enforces Otivo’s commitment to delivering innovative, technology-driven solutions to bridge the financial advice gap for Australians at a critical time.”

Otivo chair Ian Knox said this appointment marks a significant step in the firm’s evolution as Swinsburg helps usher Otivo into the future.

“His extensive experience and deep understanding of the financial services landscape will play a critical role in shaping our strategy as we scale to meet the rising demand for affordable, personalised financial advice from superannuation funds, corporate Australia and everyday Australians,” Knox said.

“We’re committed to providing the tools and advice people need to take control of their financial future, and Michael’s insight and leadership will be instrumental in driving this vision forward.”

Meanwhile, Swinsburg said he was pleased to be joining Otivo at such a pivotal time for both the firm and the digital advice space more generally.

“The platform’s mission to make financial advice accessible and affordable aligns with my passion for empowering individuals to achieve their financial goals, regardless of their wealth capacity,” Swinsburg said.

“Affordable and accessible advice is needed to decipher Australia’s complicated tax and superannuation system. This type of advice can change lives, bringing peace of mind to every Australian.

“I look forward to supporting Otivo’s innovative approach and its continued growth as a leader in digital financial advice to make this a reality.”

Speaking with ifa last month, Otivo’s founder and chief executive, Paul Feeney, called 2025 “the year of digital advice”, with a number of plans to expand Otivo’s reach and capabilities over the next 12 months, such as introducing artificial intelligence features to the platform and partnering with advice licensees.