Omniwealth buys mortgage broker business

Omniwealth financial advice mortgage broker

2 September 2016
| By Anonymous (not verified) |
image
image
expand image

Financial advice and wealth advisory group, Omniwealth, has acquired an established mortgage broking business to boost the firm's mortgage and finance services.

Omniwealth managing director, Matthew Kidd, said the company purchased a Balmain-based broker's business, as Omniwealth needed to meet future client demands on the back of strong organic growth forecasts.

Westminster Finance and Business Solutions principal, James Grimam, would move his team of five to Omniwealth, to work with their existing mortgage and finance team, Kidd said.

"We have chosen to team up with James Grima at Westminster as he has a great business that is innovatively streamlined, and can help us deliver on our strategic plan. Like us, Westminster is non-aligned and able to be client centric with no conflicts," Kidd said.

Grima had three brokers and two support staff, who would all move to Omniwealth's office over the next six to 12 months.

Once the transition was completed, clients could access accounting, business advisory, financial planning, legal advice, and property finance all under one roof, Omniwealth said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

38 minutes 59 seconds ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 5 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 3 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 6 hours ago