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
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