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
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
