Bombora picks up first authorised rep
Start-up non-aligned dealer group Bombora Advice has announced that a Melbourne-based former LifeWise authorised representative has joined its licence, citing independence as a factor.
Risk specialist planning business Complete Risk Analysis (CRA), which according to its website was formerly licensed by the Financial Services Council-administered LifeWise dealer group, will be the first firm to join the new Bombora network, headed by former Apogee general manager Wayne Handley.
Mr Handley listed “word of mouth” and a “sound, non-aligned, boutique business model” as the key factors behind the move, which will see six advisers move over to the Bombora licence.
CRA founding partner and principal adviser Glenn Kerr said the switch in licensing arrangements was overwhelmingly positive.
“The move to Bombora has been overwhelmingly supported by our referral partners, advisers and clients, as the benefits of specialisation and independence of institutional alignment and influence is most welcome,” Mr Kerr said.
Mr Handley expects more practices to join the licence in coming months.
ASIC revokes Melbourne adviser’s AFSL
ASIC has cancelled the Australian financial services license of a Melbourne-base...
Consumer advice gripes rise
Consumer complaints to the Australian Financial Complaints Authority (AFCA) abou...
TAL calls for deeper client relationships
TAL’s chief executive has told the industry that partnering with customers in ...