Rabo Financial Advisors (RFA) has expanded its national footprint by establishing a Perth office.
Rapid growth in the West Australian (WA) economy and the consequent demand for specialist financial planning advice among the rural community was the main driver behind the move, Rabobank state manager Crawford Taylor said.
"There is a very solid demonstrated culture of off-farm investment in the WA rural sector, which is growing even more with the buoyant WA economy and changes to superannuation rules," Taylor said.
"Farmers here recognise the importance of diversifying their investments, managing risk and planning for the future, including business succession planning."
RFA's WA division is led by Damon Brown and Simon Hunter. Brown will concentrate on investment and superannuation planning, while Hunter will focus on personal risk insurance. RFA will also provide succession planning services.
The operation will service both the state's agricultural sector, and clients in regional centres and metropolitan areas.
It is the group's first branch outside of New South Wales since RFA was established by agribusiness bank Rabobank in 2002.
Earlier this month RFA acquired Sydney-based boutique group Mondo Financial as part of a plan to expand its footprint in Australasia.
