Hillross to acquire Rabo Financial Advisors
Hillross Financial Services has made an agreement to acquire Rabo Financial Advisors, Rabobank Australia’s financial planning subsidiary.
The acquisition also sees AMP-owned Hillross and Rabobank enter into a referral agreement that makes Hillross the exclusive provider of financial planning advice to Rabobank's client list.
The AMP-owned Hillross said the purchase was part of its "strategy to broaden its adviser footprint", as well as see greater expansion into regional Australia "and, in particular, into its target market of affluent Australians".
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