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Jennings joins BAA board

Hawke’s Bay wealth management company Stewart Group and its subsidiary company Boutique Advisers Alliance have appointed Milton Jennings, former chief executive of Fidelity Life to a board role.

Monday, October 17th 2016, 10:40AM

Milton Jennings

Jennings was with Fidelity Life for almost 30 years and oversaw its purchase of Tower's life business in 2013, Farmers Mutual Life in 2007 and Lumley Life in 2003.

Stewart Group director Nick Stewart said: “We’re delighted to welcome Milton on to our advisory board. Stewart Group has experienced significant growth over the last five years and we have ambitious plans in the pipeline. Milton is incredibly well-respected in the industry and his knowledge and insights will be invaluable with our next growth phase.

"Our advisory board members are selected for their integrity and compatibility with our values. They use their best judgement and expertise to offer sound advice and their collective opinion to the directors and management team of Stewart Group and associated company Boutique Advisers Alliance.”

Jennings joins Peter Mancell, owner of the Australian-based FYG Planners, on the Stewart Group Advisory Board. FYG is the dealer group to 37 firms and 70 advisers across Australia.

Jennings said he was delighted to join the company, “Stewart Group has a sound reputation of operating with the highest integrity and I’m excited to be working with such a progressive company at a key growth stage. I have known Donand Nick for many years and have followed their progress with interest”.

Jennings' appointment follows the recent acquisition by Stewart Group of Red Wealth Management in Wellington.

Stewart Group and its seven Boutique Adviser Alliance members are all fee-only and independently owned businesses, with an investment approach that embraces low cost, broadly diversified portfolios.

Total funds under management across the group are now $360 million.

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