Lender’s Financial Planning Arm is Operational
Home lender Mortgage Choice has confirmed its financial planning arm is now fully operational. Mortgage Choice Financial Planning was given a soft launch in August, but has now been confirmed as “fully operational”. The company said its financial planning arm would operate as a second franchised business to its existing mortgage broking operations, with brokers and planners serving separately as specialists in their field. CEO Michael Russell said Mortgage Choice aimed to be Australia’s fastest growing branded financial planning organisation.
He is hopeful that in three years’ time it will have at least 60 significant financial planning franchisees. The company said it had recruited a team of industry experts and partnered with specialist providers to build a best-in-class dealer group. Mortgage Choice will have key partnerships with specialist investment research house van Eyk, and its management consultancy division, The Encore Group. It has also partnered with Asteron, CommInsure, Macquarie Life, MLC, OnePath and TAL for risk insurance.