Personal Risk Professionals Joins Bombora Advice

Bombora Advice (Bombora) Managing Director, Wayne Handley, has announced that Queensland headquartered life risk specialist Personal Risk Professionals (PRP) has joined the boutique dealer group.

PRP was established in Brisbane by Mark Everingham in 2009 to provide solutions and strategies for business owners, professionals and senior executive clients to address their complex estate planning, business succession and risk protection requirements.

Mark is an Accredited Estate Planning Specialist, Life Risk Specialist, Certified Financial Planner and passionate advocate of risk protection and the benefits it and the financial services industry in general, provide to all Australians. Today, with a dedicated team of risk specialists, PRP services a growing client base in Queensland, New South Wales and Victoria.

The PRP business model utilizes collegiate and collaborative relationships with accountants, lawyers and other professional advisers to develop and implement action plans and structures for clients that seek to ensure business succession, estate continuity, retirement and wealth creation aspirations have appropriate risk protection with supporting legal documentation.

Although disappointed to leave his dealer group of five years and most appreciative of their service and support, Mark felt the Bombara offering was an exceptional opportunity.

In welcoming PRP to Bombora, Wayne Handley said there were many factors that Mark Everingham considered, but ultimately, it was the non-aligned boutique business model and dedicated risk focussed marketplace offering that underpinned his decision to join the group.

“The need for Australians to protect their wealth and create certainty for themselves, their businesses, families and intended beneficiaries has never been more important and complex,” said Mark Everingham.

“We therefore felt it was imperative for PRP’s future and client service offering that the practice needed to be incorporated within a specialist dealer group infrastructure – and Bombora met all our requirements.”

Early last year, Wayne Handley identified the need and demand for a boutique alternative to the traditional dealer group model and after extensive research and analysis, established Bombora Advice. The risk focussed dealer group officially commenced business in September.

Handley’s aim was to create a fresh, innovative, advice-led business that was dedicated to working in harmony with fellow, like-minded professionals.

“Nothing has changed since Bombora started, in fact our values and key points of difference continue to resonate as the industry settles into the modern FoFA era,” said Wayne Handley.

“Nor has the Bombora business model waivered from a focus on productive relationships, managed growth and building an organisation based on ‘sharing value’.”

Founding equity partner, Melbourne based Complete Risk Analysis (CRA) was the first practice to join Bombora as word of mouth spread about the boutique dealer group and its aspirations to engage and support the needs of risk professionals.

Wayne Handley confirmed that Mark Everingham and PRP were also founding equity partners of Bombora.
Mark Everingham continued, “I believe that Bombora’s collegiate environment that encourages and facilitates the sharing of ideas, experiences and knowledge will be of immense long term benefit to PRP. Furthermore, I have no doubt that other specialist risk practitioners will find the Bombora marketplace offering very attractive.”

With PRP joining CRA as Bombora practices, Wayne Handley advised that discussions with two more practices were close to being finalized and he expected to announce their signing with the group next month.

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