Vanguard names head of superannuation offering
Vanguard's US head of registered investment advisors (RIA) will return to Australia to manage the company's planned superannuation offer in January of 2020.
Michael Lovett has been head of RIA since the beginning of 2017, supporting key relationships with financial advisers in that market. Lovett was previously Vanguard Australia's head of distribution from 2013 to 2016.
Vanguard Australia MD Frank Kolimago says the appointment, and two others made today, will help strengthen the organisation's capabilities to support investors, financial advisers, and institutions.
"Michael’s significant experience puts him in a strong position to lead our superannuation undertaking as we develop this new offer with both individual investors and financial advisers in mind," Mr Kolimago said.
Vanguard Australia has been serving financial advisers, retail clients, and institutional investors for more than 20 years. They have more than $8.3 trillion in assets under management and more than $1.6 trillion in ETFs.
Head of RIA Group
Head, Vanguard Superannuation