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.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 23 Jan 2019Bowen slams ‘woeful’ handling of royal commissionBy James Mitchell
- 23 Jan 2019Gender super gap lower but still at 34%By Adrian Flores
- 22 Jan 2019Advice issues stem from writing of SOAs, says RafteryBy Adrian Flores
- 21 Jan 2019Federal Court winds up CFS Private WealthBy Eliot Hastie
- 22 Jan 20192.44m Aussies suffer from financial stressBy Sarah Simpkins
- 22 Jan 2019BT releases 6 ‘core’ managed portfoliosBy Eliot Hastie
- view all