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.

Our Journey

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.


Leading the way in the industry.

Andrew Doquile, MFA’s Director, is driving this transformation and, as the director of several businesses in the financial services sector, provides our team with a unique style of leadership with deep roots in the industry.

Andrew has been involved in Murphy Financial Advice for the last ten years and, from mid-2008, became the largest individual shareholder of the business.

He took an even more active role behind the scenes in 2016 and 2017, having identified the need to provide clients with greater expertise and consistency. This need corresponded with new ASIC requirements that all representatives attain higher levels of education than previously dictated in order to practice and provide financial advice. This is where the transition from Murphy Financial Advice to MFA truly began.



Transforming to meet our clients’ needs.

In 2018, MFA has gone through a period of major change and growth, following a restructure of the financial advisory firm and the continued development of its dynamic, expert team of advisers.

Our new operating model is a successful amalgamation of two local financial advisory firms – Murphy Financial Advice acquired McCarthy Financial Services in 2017 – and now combines a wealth of industry experience and advisory expertise.

While the organisation and team has gone through significant change, our way of working hasn’t, and we remain dedicated to continually improving our expertise and capability in order to ensure the best possible outcomes for our clients.



Change for the better.

Throughout the transition, the goals of the practice have remained the same – ensuring the sustainability and integrity of the firm and providing effective advice solutions to MFA’s valued clients.

We recognise that our clients are the most important part of our business. We want them to experience outstanding service with us. We want them to enjoy the best financial advice in Adelaide and we want our clients to become advocates of MFA after experiencing this.