Beacon and RIAA announce merger
Non-institutional licensees Beacon Financial Group and Risk and Investment Advisers Australia (RIAA) have announced they will merge in July.
Under the terms of the merger, RIAA will join the Linchpin Capital group of companies – Beacon’s parent company – which will now have more than 200 advisers across all mainland states.
However, RIAA will maintain its licence and brand, becoming the second AFSL operating within the Beacon group in addition to Financial Link.
“The merger is a very positive move for our business and its advisers,” said RIAA managing director Grant Scalmer.
“What it will mean is that our advisers will be part of a much larger network with access to greater resources and an improved range of services.”
Beacon MD Peter Daly said the addition of RIAA will provide both additional scale and expertise to the company.
Advice firms on notice with new complaints handling standards
The corporate regulator will be focusing heavily on the internal dispute resolut...
Advisers still the ‘ultimate advice solution’: CFS
Despite the spread of managed accounts for firms looking to build transparent an...
Finance sector at most risk of data breaches
The Notifiable Data Breaches scheme review has found that the finance sector is ...