Hillross Financial Services (Hillross) has announced it has acquired Rabobank’s Australian and New Zealand financial planning arm, Rabo Financial Advisors.
The acquisition … is part of Hillross’ strategy to broaden its adviser footprint
The acquisition of Rabo Financial Advisors reflects Hillross’s expansion strategy, the dealer stating that ‘The purchase of Rabo Financial Advisors is part of Hillross’ strategy to broaden its adviser footprint…’
With 17 advisers operating in key centres in New South Wales, Queensland and Western Australia, the incorporation of Rabo Financial Advisors into Hillross gives the AMP-owned dealer a much stronger presence in regional Australia, particularly for its main target market of higher net wealth individuals and families.
Hillross will also be the exclusive provider of financial planning advice to Rabobank’s own clients, through a referral agreement between the two financial services companies.
Hillross advises the acquisition is expected to be completed on or around the end of November 2009, and transition of the Rabo brand to Hillross is also expected in ‘the foreseeable future.’
