Powered by MOMENTUM MEDIA
subscribe to our newsletter

Finsure to roll out branded planning business

The Finsure brand will soon cover financial planning as the group diversifies into wealth services.

The retail finance brokerage has acquired a major stake in national financial planning company Spectrum Wealth Advisers.

“We are offering our brokers that expanded vertical offering,” Finsure managing director John Kolenda told Mortgage Business.

“Whether they decide to engage at their own level or they prefer to refer to a planner, we’ve got those solutions already in place and it’s something that we have started rolling out in the last quarter,” he said, confirming that the financial planning business will be Finsure-branded.

“It will have some sort of Finsure connection,” he said. “Whether it’s ‘Finwealth’ or some other version of it, we are going to go through that branding exercise in the coming quarters.”

Advertisement
Advertisement

In August last year, Finsure acquired wholesale aggregator LoanKit from Mortgage Choice for an undisclosed sum.

Since then the business has experienced solid organic growth, Mr Kolenda said.

“After the merger there was a big job making sure that people were comfortable and felt a big part of the whole group,” he said. “We are well into it now and our organic growth numbers are very strong.

“Our business is growing quite rapidly, which is testimony to the fact that the model is viewed by brokers as quite different and gives great value to them.”

Mr Kolenda said Spectrum Wealth Advisers boasts more than 200 authorised representatives who provide a range of financial services.

PROMOTED CONTENT


 

Finsure to roll out branded planning business
mortgagebusiness

Latest News

Mortgage Business’ sister brand The Adviser’s Australian Broking Awards 2021 recognised the crème de la crème of the mortgage and fina...

Australian capital city dwelling prices will peak in the first half of 2022, according to a research firm, which has tipped further APRA int...

The Customer Owned Banking Association has welcomed moves for greater banking regulations, suggesting a regulatory initiatives grid could be...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

Do you think APRA's bank buffer changes will see more borrowers use non-banks?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.