St George launches margin lending site
St Georgemargin lending has developed a security driven Web site to help make financial planners margin lending experts and to develop their businesses.
The Planner Assist Web site provides the tools and documents a planner needs to identify a margin lending investor, as well as calculators and simulators, customer education and tips on how to build up the planning business.
"Planners know margin lending must be a strategy they should use. They identify it but are unsure where to begin," St George's head of margin lending Andrew Black says.
He says often margin lending gets put into a box and left in the corner. However, Planner Assist will help bring it out into the open so the planner is viewed by their clients as the margin lending expert.
With 15 to 20 per cent market growth, margin lending is gaining increasing popularity in the market place. Based on this growth, St George margin lending expects to move from $800 million funds under management to $1 billion by the end of this year.
St George national sales and distribution manager margin lending Craig Mowll says the Web site will be offered to those dealer groups St George margin lending already has a relationship with, and to those planners who use St George on their recommended investment lists.
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