CEO of boutique financial advice group steps down

Profile Financial Services has confirmed to Financial Standard that their CEO is stepping down.

Sarah Abood has been with the privately-owned organisation in the CEO role since February of 2010.

Chairman Peter Coleman will take over in an interim capacity while the group searches for a permanent replacement.

Founded in 1975, Profile had grown under Abood's leadership, acquiring Parramatta-based risk practice Orion in September. Rainmaker research shows 15 advisers are employed by Profile Financial Services.

This story was originally reported by Financial Standard.