Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Loan Market details new planning venture

National brokerage Loan Market has spoken out about the launch of its financial planning service, Wealth Market.

Mortgage Business broke the news on Tuesday that Loan Market will launch a financial planning arm after the company advertised for planners on LinkedIn.

“This decision was not taken lightly given issues surrounding the industry in the past 12 months, however we believe it’s in the best interests of our clients and is consistent with other large mortgage brokers, including Mortgage Choice,” Loan Market chairman Sam White said.

Advertisement
Advertisement

“Loan Market has its own Australian Credit Licence and operates a franchise model where franchisees are either authorised under the Loan Market’s credit licence or have their own credit licence,” Mr White said.

“Our decision to create Wealth Market has been driven by the need to service customers,” he said.

Initially, Wealth Market will focus on providing insurance as well as an approved product list to advise its clients.

“It’s important to note that our approved product list will be structured in the same way as the leading financial planning dealerships,” Mr White said.

An aggressive recruitment process is currently under way and Wealth Market is expected to launch before Christmas.

 

 

Loan Market details new planning venture
mortgagebusiness

Latest News

Mortgage protection provider ALI Group has welcomed CBA’s new Compassionate Care insurance initiative, but warned the scheme’s cover is ...

A credit squeeze and tighter lending standards in 2019 led to the sharpest contraction in home building since the introduction of goods and ...

The neobank has announced that it is partnering with the Cotton On Group to encourage staff and customers to participate in a savings challe...

FROM THE WEB
podcast

LATEST PODCAST: ASIC releases draft best interests duty guidance

Do you think Australia will move to quantitative easing this year?

Website Notifications

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