Bombora recruits PRP
Boutique financial planning dealer group, Bombora, has added another financial planning practice to its membership.
The group announced this week that Queensland-based practice, Personal Risk Professionals had signed up to operate under the Bombora Advice masthead.
Bombora managing director, Wayne Handley said PRP had been established in 2009 by Brisbane-based adviser, Mark Everingham, and now boasted a team of dedicated risk specialists in Queensland, NSW and Victoria.
Handley said he believed Everingham had been attracted to join Bombora by its boutique structure, risk focus and non-aligned status.
AUTHOR
Mike Taylor
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
