Ray White distances itself from Wealth Market
Property giant Ray White has moved to distance itself from family-owned Wealth Market, stressing it will have no directional affiliation with the soon-to-be-launched venture.
Last month, a job ad appeared on LinkedIn calling for a financial planner for Wealth Market, surrounded by Ray White branding, and said the planner would be "servicing a massive referral network from Ray White and Loan Market".
Ray White has since stressed it is "half siblings" with Wealth Market, which is wholly-owned by Loan Market.
A spokeswoman for Ray White also clarified that not all Ray White shareholders have shares in Loan Market and stressed "there is some cross-ownership" but not all shareholders are the same.
She also stressed Wealth Market would not have a direct property option in its list of products.
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