Barbacan, Garrisons join forces
Independently owned financial planning group Barbacan Benefits has signed an alliance deal with Garrisons to broaden its client services and adviser resources.
The strategic alliance will give Barbacan's 14 Queensland-based advisers access to Garrisons' research, compliance procedures and information technology systems.
Under the deal, the group can also offer clients products and services from the Garrisons' range, giving them a greater choice.
Garrisons managing director John Sikkema says the Synergy Master fund plays a key part in the alliance and Garrisons have also taken a small equity position in Barbacan.
Barbacan managing director and former Financial Planning Association (FPA) president Tony Beal says the group has been looking at developing for some years, and Garrisons fits in well with the Barbacan philosophy of client focus.
"The culture of Garrisons and the people who run it is very similar to ours. Garrisons' focus on delivering high quality client service in an ethical and professional manner was a major factor for us," Beal says.
Barbacan will maintain its independent position with executive director David Barnett and other directors retaining ownership.
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