Plan B acquires Perth mortgage broker
Plan B Group Holdings has announced that it has acquired Perth-based mortgage broker, Aspire Finance, which it says will add scale to its mortgage broking operation.
Aspire Finance has a loan book of around $230 million and three contract loan writers that will increase Plan B’s client service and business writing ability, according to Plan B managing director Denys Pearce.
The acquisition will be financed from the company’s existing banking facility and an issue of 100,000 Plan B shares, a statement from the group said.
Aspire Finance’s clients include young investors through to higher-net-worth individuals, Pearce said.
“We look forward to supporting them, not only with access to mortgage and other debt products, but with our full range of complementary wealth management services,” Pearce said.
AUTHOR
Corrina Jack
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