In a release announcing this initiative, the two risk advice firms state they are confident that the benefits of merged expertise, increased scale and improved efficiencies will be the foundation for new business growth underpinned by a compelling marketplace and client service offering.
Commenting on the announcement, MBS co-partners Kris Mason and Drew Burden, together with long-time industry stakeholder, CRA founding partner Glenn Kerr, said the new merged entity will make the company one of the industry’s largest risk insurance advisory businesses.
…it also reaffirms that there is a future for risk insurance advice and advisory businesses
The statement announcing the merger of the two businesses – both of which operate under Wayne Handley’s Bombora Advice licensee network – noted that “…in contrast to all the doom and gloom, it also reaffirms that there is a future for risk insurance advice and advisory businesses.”
The combined risk advisory business – a significant player within Australia’s risk advice sector – will have approximately $55 million in premiums under management, 18 authorised financial advisers and 40 administrative staff members.