Wealth Architects completes Bombora AFSL move

Boutique financial advisory practice, Wealth Architects, confirmed its entire network of operations has now transitioned to the Australian financial services licence (AFSL) of risk specialist, Bombora Advice.
Building on the advice firm’s existing partnership with Bombora, whose AFSL previously covered just its personal risk insurance services, the transition provides Wealth Architects with the foundational leverage to grow its long-term strategy, improve client offerings and access new partnership and acquisition opportunities.
Wealth Architects’ Head of Strategic Partnerships, Leigh Quade, said the firm intends for the Bombora “connection” to encourage more life insurance specialists to link up with Wealth Architects under its “banner or alliance framework”.
“Following the acquisition and integration of Fitzpatrick Financial Services, we undertook an extensive review of Wealth Architects and looked to the future for the organisation, advice and client service offering,” he said.
“It was agreed it was time to position Wealth Architects for the long term in a modern connected economy and rapidly evolving life insurance/financial services marketplace.
“Fitzpatrick’s existing relationship and AFSL with Bombora – and Bombora’s risk specialisation, boutique approach, collegiate environment and infrastructure was a compelling offer that literally ‘ticked all the boxes’.
“Wealth Architects is now positioned for a strong growth trajectory as both a standalone business, backed by strength and scale with diverse capabilities to support and empower advisers to deliver lasting value for their clients.
“We are also actively pursuing strategic financial planning and life risk acquisitions – confident Wealth Architects can be the solution for practice owners seeking administrative support and a partner with scale, capacity, resources and succession options.”
Wealth Architects, which was first founded in 2013 as a single-office practice, has since expanded its presence across the ANZ region with offices now in Queensland, New South Wales, Victoria, Auckland and Christchurch.
“Looking to the future, Wealth Architects is a financial planning and life insurance business with immense potential to grow organically and through acquisition,” Luke Considine, Wealth Architects’ Head of Life Insurance, said.
“In the short-term, we are currently in the final stages of a number of exciting acquisitions. However, in the long-term we see the biggest potential for organic growth being from life insurance via alliances and JVs with professional advisory businesses seeking access to our risk specialists.”
“We are looking forward with immense excitement to working in partnership with Wealth Architects to position the organisation for continued success and growth in the future,” Bombora Managing Director, Niall McConville, said.









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