NAB launches partnership with NSW Farmers' Association
The agribusiness division of National Australia Bank (NAB) has joined with the NSW Farmers’ Association as a business partner to offer financial planning services to members.
Agribusiness general manager Khan Horne said the partnership would help primary producers and post-farm gate businesses achieve their financial goals.
“We recognise the enormous contribution that our state’s farmers make to the economy, and we know the challenges that farmers face both at home and abroad with supply and demand, commodity prices, currency fluctuations and barriers to entry.
“Despite these challenges, we are confident of the sector’s future and are continuing to make funds available to help agricultural enterprises achieve the most from their finances,” he said.
President of the association Jack Laurie said it was reassuring to its members to have access to an agribusiness company in a time of financial uncertainty and drought.
Recommended for you
The shift in scale and consolidation has led to substantial growth in large privately owned licensees, which have tipped past 20 per cent of advisers for the first time to make up 28.3 per cent of the industry.
ETF providers Betashares and BlackRock are reporting increased flows for currency hedged vehicles, but an adviser has warned on the potential tax implications of changing currency.
Bravura chair Matthew Quinn is to step down later this year, following the exit of CEO Andrew Russell, while its future priority is digital advice in Australia.
Financial advice has an important role to play in navigating family discussions around inheritance, according to CFS, with younger generations expecting a windfall of more than $500,000 while older ones try to meet their retirement needs.
