Bombora picks up two VIC practices
Two Victorian-based practices have joined boutique dealer group Bombora Advice as equity partners, the group announced.
Shane Coutts from GL Financial Planning and Rory MacKenzie from Prom Country Financial Planning have joined Bombora, which was formed last year.
Coutts and MacKenzie said they joined the non-aligned group because they will benefit from collaborating with a risk specialist dealer group.
"Joining as equity partners has given us the opportunity to contribute to the strategic direction of the business whilst working alongside a professional team of practitioners in a supportive compliant administrative infrastructure," they said.
Coutts' GL Financial Planning is headquartered in Geelong, and services clients from Werribee to the coastal and rural townships surrounding Geelong.
MacKenzie's Prom Country Financial is based in South Gippsland and is a risk protection specialist, looking after medical professionals and self-employed business clients.
Bombora managing director Wayne Handley said the firm will add more practices next month, and it also aims to partner risk specialists.
AUTHOR
Malavika Santhebennur
Recommended for you
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
