Single advice practices are still viable and rewarding

The era of the single person advice practice is far from over and can still provide immense personal and commercial benefits and opportunities for professional financial practitioners in the post-FoFA LIF era announced dmk group Pty Ltd principal and founder David Keavney.

Keavney has been in the financial service sector since 2003, commencing initially with a planning business before transitioning to risk advice in 2005. Three years later he decided it was time to strike out on his own and dmk was founded as a dedicated risk advice business to provide personalised protection solutions and advice for clients.

Today dmk operates from its Sydney CBD office that is located at Level 26, 1 Bligh Street. Clients include white collar professionals, mums and dads and a growing stream of referrals from accountants and mortgage brokers.
Business growth comes from existing and satisfied clients referring the services of Keavney to family members, friends and business associates.

“dmk group is most definitely a boutique premium business and it has been structured to reflect my personal values and goals to grow in an organic, steady and controlled manner that will ensure clients always receive the highest standards of advice, service, attention and care”, said Keavney.

“The decision to join leading risk specialist licensee Bombora Advice has been driven by the wish to future-proof the dmk business model in order that I can continue to provide specialist risk advice for clients”.

Commenting further on joining Bombora, Keavney pointed to its ranks that comprise leading like minded high calibre risk specialists. Headed by industry stalwart Wayne Handley, Bombora has quickly established itself as a unique and highly respected collective of risk advice businesses, and a dealer group model with excellent relationships with product providers and a willingness to contribute constructive commentary and input on industry and consumer related matters.

dmk group will leverage off Bombora’s unique industry position, services, support framework, strong relationships with the institutions and premium offering so as to remain a boutique, high-touch risk advice business offering a premium service to clients affirmed Keavney.

“It’s a very strong testament of the Bombora model that it can accommodate the goals and aspirations of both large scale and one person practices within our infrastructure and it is an overwhelming endorsement that we’ve got the offering right”, said Wayne Handley.

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