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.
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
