- Bridges Buys Bank Advice Business;
- Award Winning Practice Joins US Advisory Group
Bridges Buys Bank Advice Business
Bridges Financial Services has purchased the financial planning business of Queensland based Heritage Bank with the latter set to offer advice services through a referral partnership with Bridges.
The purchase was finalised before Christmas and will affect about 20 Heritage advice staff with some moving across to Bridges, taking on other roles with Heritage or leaving the bank altogether.
The Heritage advice business was set up in 2010 and prior to that financial advisory services were offered via a referral model with Bridges which will be reintroduced after the sale.
Heritage’s Chief Executive, Peter Lock said the sale would allow the bank to focus on its core activities while still providing high quality financial advice to its customers.
Bridges has also appointed two new senior staff members to newly created roles with IOOF Head of Technical Services, Kate Anderson named as Head of Business Support and Head of IOOF Alliances, Eric Quak named as the Head of Practice Growth.
Award Winning Practice Joins US Advisory Group
The inaugural winner of the AFA Practice of the Year Award, Complete Financial Balance (CFB) has signed with the Australian arm of US-based financial advisory firm Arthur J. Gallagher.
The Brisbane based advice firm, which was founded in 2002 and won the award in 2014, said the change of licensee would not affect it staff levels or service offering to the medical and SME market.
CFB founding director, Graham Campbell, who was the winner of the 2009 AFA Adviser of the Year, said the business was looking forward to being part of Gallagher’s employee benefit consulting and brokerage operations.
Arthur J. Gallagher currently offers client-service capabilities in more than 150 countries through a network of brokers and consultants and built its operations in Australia in 2014 with the creation of a national broking network.
