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Finsure brokers offered ‘high-net-worth bonus’

by Reporter8 minute read

The aggregator’s accredited brokers have been offered an opportunity to refer high-net-worth clients to MA Financial's asset management division.

Aggregator Finsure Group has announced its accredited brokers will be presented with the opportunity to refer high-net-worth clients, with at least $1 million in liquid assets, to ASX-listed parent company MA Financial Group’s asset management division as an investment vehicle.

The initiative was announced during an event hosted by MA Financial with 50 Finsure brokers and plans to roll out the referral avenue to brokers nationwide, Finsure chief executive Simon Bednar said.

“This is great for our brokers as successful referrers are rewarded financially, providing an additional income stream.

“This also enables brokers to increase the range of financial solutions for their clients, enhancing their capacity as a highly trusted financial strategist.

“It’s also beneficial for MA Financial and highlights the synergies between Finsure and MA Financial,” Mr Bednar added.

MA Financial joint CEO, Chris Wyke, said the aggregator had “flourished” since the group acquired the aggregator from BNK Banking Corporation for $145 million back in 2021.

“Finsure has recorded significant year-on-year growth and its broker network has expanded to more than 2850 members, including many industry-leading brokerages.

“MA Financial is seeking more ways to assist Finsure brokers.

“We already support the Commissions Now initiative which enables brokers to access their commissions up to 90 days earlier than before and we believe connecting Finsure brokers with select MA Financial clients will be beneficial to all parties involved,” Mr Wyke said.

The group’s financial position poses “exciting opportunities for Finsure brokers”, according to Mr Bednar.

“Accelerating Finsure’s growth and providing additional value for our expanding broker network is always our priority,” Mr Bednar concluded.

Finsure’s partnership with bridging loan platform

Bridging loan platform Funding.com.au (Funding) recently partnered with Finsure to make Funding’s bridging business and building loan products available to Finsure accredited brokers.

According to Funding, its state-based business development managers (BDMs) and Gold Coast-based credit teams work closely with brokers to present flexible offerings while its proprietary software platform allows for efficient credit underwriting.

Funding founder and chief executive Jack O’Reilly stated brokers are turning to the platform for “two key reasons”: the ability to offer Funding’s product offering to clients, and to work with an “established lender in the bridging finance space.”

[RELATED: Funding.com.au partners with Finsure]

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