West Australian financial services group Wealth Today has appointed Michael Stephens as chief executive.
Stephens relocated to Perth earlier this year from South Africa, where he worked as a director for several small to medium-sized companies. He helped establish the real estate office of Seeff.
"I have been aware of Michael's success in business leadership for many years and it is extremely exciting to have him step into this role at Wealth Today," Wealth Today managing director Tony Pennells said.
Stephens moved to Perth with his wife and four children earlier this year, and is aiming to raise the number of financial planners at the firm.
He said he did not expect the Future of Financial Advice (FOFA) reforms to be an obstacle to his plans.
"FOFA is potentially good news for us because we don't sell product and have established a position of direct advice services," he said.
