Yellow Brick Road has opened seven new branches in Western Australia as it continues to broaden its operations.
The WA branches are currently operating as a group with leadership from wealth manager and principal Damian James.
Mr James said revenue and new submissions increased fourfold over the past few months, largely attributed to the accounting practices that expanded their businesses to become co-branded YBR branches.
“The new branches wanted to offer a more holistic service and now have the support of our national network to provide customers big picture financial planning, home loans as well as accounting services,” he said.
The WA group includes branches in Leederville, Applecross, Mandurah, Mirrabooka, Osborne Park, Port Hedland and Stirling.
Mr James said that demand for quality financial advice is growing quickly in Australia, but has found it difficult to find qualified mortgage brokers to fill wealth manager roles in the seven branches.
“Yellow Brick Road is built on a solid mission to assist people in planning for their future and provides a wide range of services, products and expert advice,” he said.
“Experienced brokers that have this type of vision should look at the growing opportunities in WA.”
The YBR brand is still becoming established in the WA market, but word is beginning to spread, Mr James said.
“With the increasing demand there are some fantastic opportunities for high-quality wealth managers who really want to be able to offer clients the ‘complete package’ to take their careers to the next level,” he said.
“We are a rapidly growing group with access to established clients of the accounting groups and are excited to watch business continue to expand in WA.”