QLD advisory firm establishes new AFSL
Queensland based advisory firm, Complete Financial Balance (CFB), has joined the Arthur J. Gallagher group under a new Australian financial services licence (AFSL).
CFB director and principal, Tapel Cafer, said the move was part of the firm's growth strategy.
"The opportunity to be part of a larger group is compelling and we will be able to provide our clients with many new services and areas of expertise," he said.
CFB founding director, Graham Campbell, said CFB was delighted to be part of Gallagher's employee benefit consulting and brokerage operations and looked to enhance their advice and benefits proposition to small and medium enterprises (SMEs) and large corporates in the Australian market.
CFB was founded in 2002 and offered a full suite of advisory services to the medical and SME market.
Recommended for you
Advice firms are increasing their base salaries by as much as $50k to attract talent, particularly seeking advisers with a portable book of clients, but equity offerings remain off the table.
MLC Expand has appointed retirement specialist Andrew Long to work with advisers and licensees and drive growth for its recently launched retirement solution.
Despite banks largely having exited the industry, advisers under institutional licensees are least likely to switch while 26 advisers have been appointed to a licensee more than 10 times.
Insignia Financial has shared a progress update on the acquisition by US private equity firm CC Capital as well as the departure of a long-standing director.

