Masterton-based Rival Wealth has expanded into the Auckland market and has an eye on acquiring other advice firms.
Leading the new CBD office, based at the ANZ Centre, is Barry Read who has been appointed General Manager of the Auckland operation.
Read is a risk specialist at financial advice firm EnableMe, and is also an Advisory Board Member at Broadbent Risk, a specialist insurance advice firm. His previous roles include time at Southern Cross Health Society, Strategi Group, and Newpark.
Tim Fairbrother, one of two directors at Rival Wealth, says Read will be an integral part of furthering the company’s business development strategy.
“In this new regulation world we decided that we needed more scale to remain relevant with the extra operational costs of compliance,” says Fairbrother.
“Acquiring other adviser practices, or merging in existing advisers into Rival Wealth, is our logical next step as we grow.
“A large chunk of Barry’s time will be dedicated to acquiring and merging adviser practices, along with growing their capability to provide advice to Auckland clients.”
Rival Wealth commenced operating in 2008 and employs 21 members of staff.
