RIAA merges with Daly’s Beacon
Peter Daly's Beacon Group has further grown its footprint in the financial advice space with the announcement today of a merger with Risk and Investment Advisers Australia.
The merger was formally announced members of the RIAA group today, with the merger to be formalised from 1 July.
The announcement said that RIAA would be joining the Financial Link Group as the second national AFSL operating under the Beacon house of brands.
Confirming the move, Beacon Group managing director, Peter Daly said he was delighted RIAA would be joining the Group which, once complete, would comprise over 200 advisers operating in all mainland states of Australia.
RIAA managing director, Grant Scalmer, said he believed the merger was a very positive move for his company's business and its advisers.
"We will continue to operate under the RIAA License and brand so no change there. What it will mean is that our advisers will be part of a much larger network with access to greater resources and an improved range of services," he said.
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Two national advice businesses have merged to form a leading holistic advice business with $2.5 billion in funds under management.
