Bombora ticks boxes for MBS
Keeping advice and product separate are key factors in MBS Insurance's decision to join the Bombora Advice dealer group.
MBS partner, Kris Mason, announced the risk specialist practice had joined the group earlier this week.
"The move to Bombora suits the MBS model as it separate product from advice and positions from advice and positions the practice very clearly in the independent sector — a move that will provide comfort to COIs and the accounting firm we service," Mason said.
"Being in control of our destiny was a major priority for MBS [as it is becoming for many more advice practice principals] and a further exciting outcome of the move to Bombora was the opportunity to take equity in the dealer group as a partner."
Bombora managing director, Wayne Handley, said MBS was a good ‘cultural fit' for the group.
AUTHOR
Nicholas O'Donoghue
Recommended for you
E&P Financial Group, former parent of Dixon Advisory, has formally requested to delist from the ASX, with the company noting the negative impact of regulatory proceedings on its share price.
Commentators have discussed how value for money is becoming more critical than ever as licensee fees rise and failure by an AFSL to provide this is driving them to self-licensing.
The final terms of reference for the Dixon Advisory inquiry have been released by the Senate economics references committee, and advisers have just over five weeks to make their submissions.
Financial advisers are in the running to win one of the coveted Women in Finance Awards 2024.
