Vow Financial on mission to attract mortgage brokers
Following Vow Financial's entry into a joint venture with a financial planning firm in May last year, Vow is clearly focussed on attracting more mortgage brokers, according to chief executive Tim Brown.
While some brokers have been using Vow to get a hold in the financial planning space, "we'd probably have about 10 per cent of our brokers using the service", he said.
"It's an evolution for mortgage brokers - we've got some that have really taken to it and are referring regularly now, so our volume and our pipeline are building quite nicely," he said.
With much of the focus on the Future of Financial Advice reforms, Brown said brokers were beginning to recognise the level of compliance they needed was minimal compared to what was required in financial planning, and this was encouraging them to access new income streams.
AUTHOR
Staff Writer
Recommended for you
With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks, according to Wealth Data.
AMP has launched a range of five diversified index managed portfolios on its North investment platform, targeting a younger client demographic.
An NSW adviser, who advised over 120 clients after falsifying her financial advice exam results, has been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.
