Who We Are
MFA is a leading financial advice practice located in Adelaide, South Australia, providing advice on how to grow, manage, and protect your wealth.
With the expertise and capabilities to help you make smart decisions with your money, MFA has been serving its clients for over 30 years.
The original founder of Murphy Financial Services, Michael Murphy, had operated in the Financial Services industry since 1986, jointly holding an AFSL with Darren Furst.
Michael’s professional career began in the Life Insurance industry in 1986 as an agent with Legal and General, and he was an active member of the Life Underwriter’s Association of Australia. A past National President of the Association of Financial Advisers, he served as Chairman of the Committee from 1999 to 2010 and was a Top of the Table qualifying member for MDRT. He presented papers at a number of industry conferences, both locally and nationally, and has been published in major Australian publications.
Darren Furst came to the Life Insurance industry in 2001 to work as an understudy to Michael. In that period, he assisted Murphy Financial Solutions to obtain its Australian Financial Services Licence in 2003. As Michael’s successor, he has been a driving force behind the establishment of Murphy Financial Advice and the alignment with The Advice Exchange. The major reason for this is to ensure the sustainability of the practice and maintain the culture and client focus.
In late 2007, Andrew Doquille, MFA’s Director, met with founder Michael Murphy to discuss a succession strategy to secure the future of the company. From mid-2008, Andrew became the largest individual shareholder of Murphy Financial Advice and started mentoring Darren Furst. It was critical that Andrew play the role of mentor to Darren and be his sounding board, as Michael was becoming unable to actively drive the business due to illness.
Andrew formed a strong bond with both Michael and Darren, and they all shared the same goal – to ensure the sustainability and integrity of Murphy Financial Advice.