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Bombora links arms with advice firm

Yasmine Raso

Yasmine Raso

Senior Journalist, Financial Newswire

4 August 2023
Hand holding puzzle piece with two small male figures on top shaking hands

Known risk insurance licensee, Bombora Advice, has forged a partnership with financial advisory firm, Morrows, to form a new business arm specialising in insurance advice for businesses and individuals.

Risk insurance and advisory professionals, Cameron Peck and Mark Butler, will spearhead the new division, Morrows Risk Insurance, bringing over two decades of experience in protecting clients’ financial futures.

“At Bombora, we have always believed in developing meaningful and sustainable relationships with leading professional service firms,” Wayne Handley, Managing Director at Bombora, said.

“Our partnership with Morrows combines our complementary strengths, adopting best practices in risk specialisation with a ‘quality over quantity’ focus.”

The “strategic alliance” will see Morrows offer bespoke and customised risk insurance solutions for clients, supported by Bombora’s network of relationships with industry professionals and providers.

“We are delighted to partner with Bombora to launch Morrows Risk Insurance,” Laurel Moulynox, Director of Morrows Private Wealth, said.

“This collaboration allows us to harness the expertise of both our organisations. Enabling us to offer our clients truly customised and tailored risk insurance solutions.

“With this strategic alliance, and the launch of Morrows Risk Insurance, our team will help raise the bar for client-centric risk insurance advisory.

“Our clients will benefit from comprehensive insurance advice designed to address their unique needs and risk profiles, giving them the confidence to navigate the future with peace of mind.”

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Alan
2 years ago

I have never been able to get my head around how you can be a risk only advice business. Surely this type of scoped advice is not appropriate

Alleycat
2 years ago

@ Alan,
What would you think if a Licensee and it’s advisers have, or had had a long term connection with MLC that provides benefits to that AFSL.
I’m not so sure you will find any mention in their SOA’s what benefits that may be be received through that connection.
You can figure out what questions should be asked.