Former Apogee boss launches risk-focused group
The former managing director of National Australia Bank (NAB) dealer group Apogee Financial Planning, Wayne Handley, has launched a new risk-focused group, Bombora Advice.
Handley, who retired from Apogee in early 2012, made the announcement today, saying the new Melbourne-based group would begin operating in the third quarter and had been established in response to what he believed was growing demand from risk for "an institutionally-independent licensee".
"The financial services landscape is changing at an unprecedented rate and the need for specialisation is emerging as a marketplace necessity," he said. "We identified the need for a boutique group in which risk professionals could work together in a collaborative environment to service and address the needs of clients."
Handley described the business model underpinning Bombora as being a boutique advice-only proposition that was "completely aligned to the associated practices of its advisers".
Bombora Advice saw the future as one where it worked with fellow advice professionals such as accountants, lawyers and advisers — something that was best achieved when the licensee was non-aligned .
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