Lonsdale Finance Choice and Acceptance Finance join forces
The lending solutions arm of Lonsdale Financial Group, Lonsdale Finance Choice (LFC), has entered into a joint venture agreement with Melbourne-based finance and leasing firm Acceptance Finance.
The company said the move followed significant growth in LFC’s business over the last 12 months to June 30, 2010, and that Acceptance Finance would provide LFC with a range of resources to expand its available services.
Lonsdale Financial Group chief Mario Modica said aligning with Acceptance Finance “provided a great opportunity for LFC to enhance its capabilities and overall offering”.
“We are excited about the new range of opportunities and technical expertise this alignment will bring to our network of advisers and their clients,” Modica said.
LFC confirmed there will be no major changes to its team, as Sharon Membrey, associate and client services manager, and Mike Umana, finance manager, will continue to perform their roles within the company.
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.