The lure of the booming west
Rabobank Financial Advisors (RFA) has established a division in Western Australia in a bid to meet the growing needs for off-farm investment for Western Australian farmers.
According to RFA, it is the first time it has expanded outside of NSW since it was established by Rabobank in Australia in 2002.
Commenting on the move, Rabobank state manager, Rural WA, Crawford Taylor said Western Australia had been chosen as the first location for RFA’s national expansion because of strong demand for specialist rural financial planning expertise among WA farmers and the state’s robust economic growth.
“There is a very solid demonstrated culture of off-farm investment in the WA rural sector, which is growing even more with the buoyant WA economy and changes to superannuation rules,” he said.
Taylor said WA farmers recognised the importance of diversifying their investments, managing risk and planning for the future, including business succession planning.
Located in Perth, RFA’s Western Australia branch will serve as a base to service the financial planning needs of clients throughout the state.
AUTHOR
Mike Taylor
Recommended for you
WT Financial has announced its second “Hubco” with a combined valuation of $7.8 million, while its first one has successfully incorporated and is now making its own acquisitions.
Remediation and litigation costs have led AMP to announce a reduced statutory net profit after tax of $98 million for the first half of 2025.
Stakeholders in the professional year discussion underscore the challenges in the current pipeline and what is holding back licensees from taking on new candidates.
Colonial First State has partnered with JP Morgan Asset Management to make its inaugural private equity allocation, continuing the firm’s expansion into unlisted asset classes.
