Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Life/risk focused group see potential for growth

life/risk/MBS-Insurance/merger/

30 October 2019
| By Mike |
image
image image
expand image

Despite the continuing uncertainties confronting the life/risk sector, newly-merged MBS Insurance and Complete Risk Analysis have confirmed ambitions for further growth via joint ventures and alliances.

The merger between the two firms was announced in August and completed this month, meaning that the business now comprises 18 authorised representative financial advisers backed by 40 administrative staff accounting for $55 million in premiums under management.

Confirming the completion of the merger, company spokesman Kris Mason said the group had received interest from financial advisers but that it would be undertaking a careful growth strategy.

“We are not obsessed with attracting advisers for growth’s sake,” he said.

Mason said, however, that the group was in discussion with a number of potential joint venture and alliance partners.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

3 days 7 hours ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

4 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

6 days 1 hour ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

2 weeks ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

1 week 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND