The sudden departure of chief executive John McMurdo and a number of Centric Wealth's management team has not changed the firm's focus on clients and shareholders, according to a company executive.
Last month, McMurdo and the company's chief financial officer quit the group with immediate effect. The exact reason behind the departures is unknown.
"Whilst there have been changes at both board level and CEO, CFO level, we still have clients' interests at heart and also shareholders' interests, which are forefront in the mind of everyone working here," Centric Wealth director of financial planning Greg Dunger said.
Dunger said letters were distributed to advisers and clients regarding the personnel changes.
"There was a letter and that was optional for advisers to send out, but also naturally a number of them have contacted us to say 'what does this mean in terms of recent changes'," he said.
He said the company was in the process of recruiting for the vacant CEO position.
It is understood the firm has appointed a new chief financial officer on a contract basis.
Despite the changes, Dunger said he was committed to Centric and to his role within the group's financial planning division.
"I was brought in to run financial planning as director of financial planning and to put in place a number of key strategic initiatives. I'm only part way through doing that so I'm still committed," he said.
He said part of his responsibility was ensuring everything was in place for the government reforms, which Centric was "fairly well down the track of anyway".
"It's important that the staff are focused and we're just getting on with it. We're into a new financial year so it's an opportunity to ensure we make the most [of it] even though the markets aren't doing a lot to help us at the moment," he said.
"The staff here are very committed and there are some excellent staff here at Centric."
