Melbourne-based firm, Complete Risk Analysis (CRA), has been announced as the first advice practice to join new risk specialist licensee, Bombora Advice.
This announcement signals the operational launch of the boutique dealer group, whose Founder is prominent industry operator and former Head of Apogee Financial Planning, Wayne Handley.Earlier this year, Mr Handley indicated his firm would operate on a different basis to traditional, ‘top down’ licensee models, where the Bombora structure would see the dealer positioned as more of an extension of the advice businesses it intends to service.
CRA, a specialist risk advice firm established in 1998, currently comprises six advisers and eight support staff who deliver advice services to the clients of fifty-five referring partners across Victoria and New South Wales, the majority of which are accounting firms.
“Advisers that join Bombora will benefit from their association with a specialist licensee with a dedicated and focussed infrastructure, flexibility and scale to support the provision of professional risk advice in the post FoFA era”, said Mr Handley.
From the CRA perspective, its Founding Partner and Principal Adviser, Glenn Kerr, identified a sense of ownership of their own licence, and dealing with like-minded businesses and ‘institutional non-alignment’ as the key factors that underpinned the move from Lonsdale Financial Group to Bombora. “The move to Bombora has been overwhelmingly supported by our referral partners, advisers and clients, as the benefits of specialisation and independence of institutional alignment and influence is most welcome,” he said.
riskinfo understands Bombora is close to finalising arrangements with other risk specialist firms, who will join CRA over the next few months as the founding practices within the boutique Bombora Advice network.