Coin, Decimal staff join Midwinter

16-Apr-2015

By Julie May

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Midwinter has picked up new staff from competing financial planning software providers, as well as another from the parent company of a financial planning dealer group.

The new hires were a consequence of substantial growth across the company, with the business pointing to its latest cloud-based advice solution, AdviceOS, experiencing “significant traction in the institutional market”.

Midwinter managing director Julian Plummer told financialobserver in January that the group intended to move into the institutional dealer group space in 2015, having traditionally focused predominantly on the independent financial adviser market.

“To support our move into the institutional adviser market we will be bringing on new resources to support growth in this area,” Plummer said at the time, signalling announcements about its activities with some of the industry’s largest licensees not being far off.

Meanwhile, the new recruits joining Midwinter were Decimal Software’s Helen Thom, Coin’s William Yang and Fortnum Financial Group’s Halie Samson.

“Helen Thom, whose experience in the financial planning sector spans over 16 years, has come on board as a business development manager, after undertaking a similar role at Decimal Software,” the group said, adding she also worked extensively within the advice space at AMP for a number of years.

“William Yang, who brings to Midwinter 16 years’ experience in software development, has been appointed senior developer, after almost three years as technical lead at Coin [which is owned by] software company Rubik.

“[Further,] with a great deal of industry focus on scaled advice at present, Halie Samson will be heading up Midwinter’s scaled advice division as the company seeks to specialise further in this area.”

Previously, Samson was advice delivery project manager for Fortnum Financial Group, the parent company of financial planning dealer group Fortnum Financial Advisers.

Midwinter executive director James Murphy said it was an exciting time for both Midwinter and the Australian fintech sector more broadly.

Murphy said the group saw many opportunities in the next 12 months in terms of planners and advice firms investing in technology to improve their productivity and engagement with clients.

“This is our second round of hires for 2015 and we are fortunate to have these three experienced individuals join our team,” he said.

“We are confident they will become key players in our ongoing goal to disrupt the financial planning software sector by providing cutting-edge, best-of-breed advice solutions to our clients."

Plummer told financialobserver in January that throughout the 2014 calendar year, Midwinter had picked up 280 advice firms and anticipated having an additional 155 practices on board by June.

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