Rabobank has announced the further expansion of its financial planning arm, Rabo Financial Advisors Ltd (RFA), with the acquisition of a Queensland based financial advisory business, Dayas Financial Services.

In the transaction, Rabobank has purchased the client portfolio of Dayas Financial Services, with Dayas Financial Services staff, including principal advisor Perry Dayas, also moving to the employ of RFA.

Rabobank Australia CEO Bruce Dick says the acquisition of Dayas Financial Services will be a catalyst for future growth in Australia and New Zealand.

"To do this. we need scale and a presence in key centres.

"Dayas adds to our scale and immediately provides a strong presence in Queensland,” he says.

The business has already undergone rapid expansion.

RFA now operates from seven locations around NSW and has recently expanded into Western Australia.

Head of RFA, Colin Williams, says, “Dayas Financial Services will continue for the immediate future to work from their current Margaret Street office at Toowoomba, but will eventually move to Rabobank’s office in Kitchener Street, Toowoomba.”