Barbacan, Garrisons join forces

financial planning executive director FPA

14 December 2000
| By Nicole Szollos |

Independently owned financial planning group Barbacan Benefits has signed an alliance deal with Garrisons to broaden its client services and adviser resources.

The strategic alliance will give Barbacan's 14 Queensland-based advisers access to Garrisons' research, compliance procedures and information technology systems.

Under the deal, the group can also offer clients products and services from the Garrisons' range, giving them a greater choice.

Garrisons managing director John Sikkema says the Synergy Master fund plays a key part in the alliance and Garrisons have also taken a small equity position in Barbacan.

Barbacan managing director and former Financial Planning Association (FPA) president Tony Beal says the group has been looking at developing for some years, and Garrisons fits in well with the Barbacan philosophy of client focus.

"The culture of Garrisons and the people who run it is very similar to ours. Garrisons' focus on delivering high quality client service in an ethical and professional manner was a major factor for us," Beal says.

Barbacan will maintain its independent position with executive director David Barnett and other directors retaining ownership.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

13 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 18 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 16 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 19 hours ago