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Rival Wealth takes on the Auckland market

Rival Wealth is expanding its business and has appointed a general manager to head up its brand new Auckland office.

Wednesday, May 5th 2021, 3:33PM 1 Comment

by Matthew Martin

Tim Fairbrother (left) and Barry Read.

Rival's latest growth phase sees well-known industry figure Barry Read make the move to the company and will oversee its new Auckland operation from within the ANZ Centre on Albert St.

Rival Wealth spokesman Tim Fairbrother says since opening their doors in 2008, Rival has grown from just three staff to a team of 21, along with opening sister company – Rival Accounting - in 2018, which has six staff.
 
Fairbrother says as general manager of the Auckland office, Read will be an integral part to further Rival's business development strategy.

A large chunk of Read's time will be dedicated to acquiring and merging adviser practices, along with growing capability to provide advice to Auckland clients.

Read says joining Rival Wealth aligns nicely with his own goals.

He says he's always been passionate about New Zealanders getting great financial advice and with the experience he brings with him from his previous roles advising advisers he is relishing this new opportunity.

“I have been lucky enough to work with Tim and Carissa in an advisory capacity over the last 10 years watching them successfully grow the business from their HQ in Masterton," says Read.

"Rival Wealth is an awarding winning practice and I look forward to growing the team here in Auckland and expanding our services to more New Zealanders."
 
“With the new regulations that began in March transitional licencing is becoming testing for some," Fairbrother says.

"We have a very clear philosophy about how we give exceptional service to clients rather than seeing people get tipped into a large pot.”

Fairbrother says it’s no secret that Rival Wealth has been expanding its reach to help challenge more clients in recent years.

"Watch this space as we continue our unrivalled growth and recruit more staff in the coming weeks."

Tags: Barry Read Rival Wealth Tim Fairbrother

« Alvarium buys into Newton Ross and NZ DIMSMann on a mission to diversify financial advice »

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Comments from our readers

On 8 May 2021 at 9:46 am JPHale said:
Nice One Tim and Barry.

The commentary is suggesting provincial advisers would struggle :D Seems they are doing well enough to come for Auckland scalps ;)

Good luck with your venture!

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