New venture for former EQT Exec

Geoff Rimmer has confirmed to Industry Moves that he has launched a consulting firm for financial advisers, GreenZone Australia, with former Genesys Wealth Advisers and Fortnum Private Wealth founder, Ray Miles, effective September 2017.

According to the firm, GreenZone Australia aims to help transition advisory businesses from "a vertically integrated model to what [they] call the green zone - a conflict free advice model."

Rimmer was most recently the executive general manager, trustee and wealth services at Equity Trustees (EQT), a role that he left in October 2016. He first joined EQT in 2012 and prior to that was the CEO at Financial Services Partners.

Commenting on the new venture, Rimmer said: "The purpose of GreenZone is to facilitate and support the growth of professional advice practices that are independent and transparent in all aspects of their advice to their clients."