New dealer group picks up another practice
Newly-formed boutique dealer group Bombora Advice has picked up a Queensland life risk firm as it eyes two other practices expected to sign later this month.
The Melbourne-headquartered dealer group, managed by industry veteran Wayne Handley, began trading in September last year with founding equity partner Complete Risk Analysis (CRA).
It’s latest acquisition, Personal Risk Professionals (PRP), sees the risk-focused dealer group significantly expand its presence in the space, according to Handley.
Handley confirmed PRP and its founder, Mark Everingham, were also founding equity partners of Bombora.
Commenting on his departure from PRP, which he established in 2009, Everingham said: “The need for Australians to protect their wealth and create certainty for themselves, their businesses, families and intended beneficiaries has never been more important and complex”.
“We therefore felt it was imperative for PRP’s future and client service offering that the practice needed to be incorporated within a specialist dealer group infrastructure - and Bombora met all our requirements.”
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