Home loan provider to offer YBR advice
Home loan provider, RESI Mortgage Corporation, will add advice to its offering as the franchise rebrands under the Yellow Brick Road Wealth Management banner.
The move follows Yellow Brick Road's acquisition of the privately-owned mortgage lender in August 2014, and will see six RESI franchises in Sydney rebrand next week, with 13 other locations across the country following suit in the coming months.
Yellow Brick Road executive chairman, Mark Bouris, said the move would see RESI franchisees add advice to their client offering.
"RESI has a great reputation built up over almost 30 years — many of the business owners have served their local communities for more than a decade. That trust and local recognition combined with Yellow Brick Road's national brand awareness is a powerful combination," he said.
"RESI local business owners share our vision and they're culturally aligned to the Yellow Brick Road model. Adding financial advice will help build even stronger local businesses."
"RESI's strength as a national retailer of mortgage products is a real asset. It will allow us to create products for parts of the market not well-serviced by the banks.
"RESI will continue to play a critical role as a mortgage product manufacturer for the group. RESI mortgage products will continue to be made available to the transitioning RESI franchises and will now also be available to the Vow brokers and the broader Yellow Brick Road network."
AUTHOR
Nicholas O'Donoghue
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
