Australian Capital Home Loans launches financial planning business
With the aim of growing its financial planner and mortgage broker network, Australian Capital Home Loans has launched its independent financial planning arm, Australian Capital Financial Planning.
The new business, which had its soft launch in 2010, will allow planners to offer a full suite of financial services - including home loans and investment property services -under the Australian Capital Group of Companies' Australian credit licence, Australian financial services licence and real estate licence.
Australian Capital Financial Planning managing director Barry Parker said diversification was the future of the mortgage broking industry, and the launch of new business was about assisting a customer through their full financial life.
He said planners would begin to see more competition from institutions that offered a full range of services and products - and it was time to start fighting back.
"I've always seen a strong relationship between financial planning and home loans, and I want to make that a priority for our financial services consultants," Parker said.
Australian Capital is on a recruitment drive for financial services consultants wanting to grow their own businesses.
There are no entry fees for planners who join the new business and they will be given full training, mentoring, support and flexible structure, Australian Capital stated.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
