Powered by MOMENTUM MEDIA
the adviser logo
Aggregator

Choice sub-aggregator secures JV with accountants

by Staff reporter5 minute read
Citycorp CEO Stephen Burns, Purple Circle Financial Services, Mr Tax Refund, Pop Up Tax Shop

Purple Circle Financial Services has finalised a joint-venture agreement with tax accountants Pop Up Tax Shop and Mr Tax Refund.

The two national taxation brands are owned by Citycorp Group and between them will service more than 18,000 clients by June 2018.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

In addition to 15 company-owned locations, the joint venture will also see Citycorp’s 16 franchisees broadening their service offering to include lending and financial planning solutions alongside their existing taxation services, nationwide.

“I’m excited to jointly announce this venture with Purple Circle,” Citycorp CEO Stephen Burns said.

Advertisement
Advertisement

“There is a clear synergy between the two groups and we’re very keen to begin not only providing our clients with a more comprehensive offering, but also to enjoy the additional revenue streams the partnership brings through the integration of additional services.”

Purple Circle launched late last year as a sub-aggregator under Choice Aggregation Services. It is the brainchild of managing director Greg Pennells, who co-founded Choice, which was sold to Challenger in 2007.

Purple Circle CEO Michael Stephens said the new joint venture will allow the sub-aggregator to provide brokers with genuine qualified and engaged clients, not just “cold internet leads”. Meanwhile, Citycorp will be able to offer clients a broader range of services, increasing client retention and revenue to their businesses, he added.

“Some of Citycorp’s franchisees and staff have even expressed a desire to write mortgages themselves, which is another area that Purple Circle can facilitate through our comprehensive training and mentoring programs, ensuring clients of Citycorp receive the very best advice and financial products available.”

[Related: Choice founder launches new 'broker-owned' aggregator]

Choice sub-aggregator secures JV with accountants
ceo stephen burns
TheAdviser logo
ceo stephen burns

James Mitchell

James Mitchell

AUTHOR

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

mark lewis fast ta llosc4

In Memoriam: Mark Lewis, 1963–2022

Mark Lewis passed away on Saturday (13 August). Mr Lewis was a well-known identity in the third-party broker...

READ MORE
anthony waldron mortgage choice ta ithtxm

Broker expertise key for securing right loan: Mortgage Choice

The data, which is derived from a June survey of 1,002 broker customers and conducted by Honeycomb Strategy,...

READ MORE
Mark Bouris new ifa

Brokers need to focus on the ‘value-add’: Mark Bouris

With competition among brokers increasing as the number of brokers rises – coupled with the fact that fewer...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more