Risk specialists find Bombora’s approach 'too compelling’ to ignore
Market newcomer, Bombora Advice’s approach to partnering licensees proved irresistible to risk specialists, SME Wealth Protection and RPS Advisory Group.
Bombora managing director, Wayne Handley, said the group was developed to be fundamentally different to the traditional licensee model, and was not “obsessed” with recruiting numbers for the sake of it.
He said the group’s success was not measured by funds under management or adviser numbers.
It was this approach that attracted SME Wealth Protection’s Mike Rollinson to the Bombora model.
“Bombora’s risk specialisation, boutique approach and collegiate environment and infrastructure were too compelling an offer to ignore,” he said.
“These were the very values that most influenced my decision and the benefit to the practice is already being felt with Bombora’s risk specialisation and support services dovetailing seamlessly into SME Wealth Protection’s activities.”
RPS Advisory Group’s Andrew Dwyer said the decision to partner with Bombora had been widely supported by his allies in centres of influence.
“My centres of influence have been overwhelmingly supportive of the move to Bombora as they too acknowledge and appreciate the greater depth of benefit and services RPS Advisory will be able to provide,” he said.
AUTHOR
Nicholas O'Donoghue
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
