Financial planning boutique Bombora Advice says it has seen strong interest from the market since its launch last month, indicating demand for non-aligned advice.
Bombora managing director and former Apogee head Wayne Handley said the ability for non-aligned risk practices to provide clients with a broader offering.
“It’s obvious that a growing number of risk practitioners are seeking an alternative to the growing prominence of institutionally owned or aligned dealer groups and the ‘sameness’ of their collective offering,” Handley said.
"Bombora Advice practices and advisers will have access to an extensive business, back-office, technical support and infrastructure overseen by financial services administrative team of industry professionals," a Bombora statement continued.
The group will be operational from 1 August and will be based in Melbourne.
The regulator has banned a financial adviser for five years and cancelled his firm’s AFSL. The Australian Securities ...
The lack of visibility and consistent regulatory instability are stopping prospective talent from entering the advice ...
The introduction of Rhombus Advisory has caused a shift in the top advice licensees as Insignia separates its advice ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin