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
Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial.
Preliminary results from Wealth Data for the 2024 calendar year have unveiled which licensees reported the highest growth and losses in adviser numbers.
As Capgemini recommends artificial intelligence be used for hyper-personalised advice strategies, two professionals explore the impact it is having on advisory practices.
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
