Rabobank extends Qld planning presence
Rabobank has continued to expand its financial planning footprint, this time via the acquisition of Queensland financial advisory firm Dayas Financial Services.
Rabobank Australia and New Zealand chief executive Bruce Dick said the bank had purchased the client portfolio of Dayas, with the company’s staff and principal advisor Perry Dayas also moving to employment under the Rabobank Financial Advisors umbrella.
He said this was consistent with the firm’s overall strategy to grow the business nationally and into New Zealand.
“To do this, we need scale and a presence in key centres,” Dick said. “Dayas adds to our scale and immediately provides a strong presence in Queensland.”
AUTHOR
Mike Taylor
Recommended for you
As Insignia Financial formally completes the separation of MLC from NAB, Money Management reflects back on how the acquisition came to be and where Insignia sees MLC going forward.
The Financial Services Council has made multiple recommendations to ASIC regarding exercising its powers around AFSLs to mitigate the risk of failing companies including greater capital requirements.
Advice licensee Centrepoint Alliance has announced a service partnership with self-managed superannuation fund solution provider SuperConcepts.
The Compensation Scheme of Last Resort says it has received over 200 claims for compensation relating to personal financial advice since its inception and detailed the specific recurring issues being raised by claimants.
