Australian Capital Home Loans launches financial planning business
With the aim of growing its financial planner and mortgage broker network, Australian Capital Home Loans has launched its independent financial planning arm, Australian Capital Financial Planning.
The new business, which had its soft launch in 2010, will allow planners to offer a full suite of financial services - including home loans and investment property services -under the Australian Capital Group of Companies' Australian credit licence, Australian financial services licence and real estate licence.
Australian Capital Financial Planning managing director Barry Parker said diversification was the future of the mortgage broking industry, and the launch of new business was about assisting a customer through their full financial life.
He said planners would begin to see more competition from institutions that offered a full range of services and products - and it was time to start fighting back.
"I've always seen a strong relationship between financial planning and home loans, and I want to make that a priority for our financial services consultants," Parker said.
Australian Capital is on a recruitment drive for financial services consultants wanting to grow their own businesses.
There are no entry fees for planners who join the new business and they will be given full training, mentoring, support and flexible structure, Australian Capital stated.
Recommended for you
With regional and rural suburbs exhibiting high spare capacity to invest, Money Management speaks to three regional advisers on the opportunities beyond the major cities and the importance of a strong network.
Platform consolidation is expected to accelerate among financial advisers this year, as software company Finura pinpoints which two platforms are set to be the winners, thanks to this trend.
The software provider has made several appointments in its APAC wealth propositions team, with a focus on driving growth across digital advice, Xplan and strategic partnerships.
The platform has announced it plans to close its Xplore managed discretionary account service in 2026 which holds $2 billion in funds under administration.
