Investec launches into financial adviser lending market
Specialist bank Investec Australia has entered the niche financial adviser lending market with the launch of a new tailored banking offering.
In targeting independent financial advice businesses, Investec Australia head of IFA distribution Gareth Bird said the bespoke financial solutions are designed to be more responsive and flexible than those currently offered by major financial solutions.
“To date, there have very few banking solutions developed to specifically help financial advisers effectively and efficiently manage their own personal finances,” Bird said.
The only major player in this space is National Australia Bank with its financial planning banking specialists.
“Financial advisers are a unique group of clients with a distinct set of banking requirements,” he added.
Investec’s product range includes residential mortgages and investment property with a higher loan-to-value ratio, car loans, premium credit cards, savings accounts and access to foreign exchange experts.
“We have a strong track record in providing bespoke solutions across professional services and by understanding specific needs of financial advisers we are able to provide niche banking services in one convenient bundle,” Bird said.
Investec Australia currently works with around 250 IFA firms nationally.
AUTHOR
Andrew Tsanadis
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