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Centrepoint Alliance on broker growth path

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Centrepoint Alliance on broker growth path

Francesca Krakue 2 minute read

The ASX-listed mortgage firm has affirmed its support for the third-party channel in its most recent annual general meeting of shareholders.

In addressing the company’s shareholders earlier this week, Centrepoint Alliance chairman Alan Fisher emphasised that the mortgage firm has had an “exciting” year while shifting towards growth, particularly in its broker channel.

Mr Fisher highlighted that in October Centrepoint Alliance acquired a minority interest in advice and accounting business R Financial Educators (RFE).

“[RFE] aims to assist mortgage brokers and accountants provide wealth advice to clients,” Mr Fisher said. “The investment highlights Centrepoint Alliance’s willingness to support the growth of professional advice firms within the industry.”

Mr Fisher’s comments come after RFE Group’s managing director Peter Rheinberger said that the partnership with Centrepoint Alliance will provide RFE Group assistance with compliance and professional development, as well as the opportunity to tap into its network of brokers.

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Mr Rheinberger explained in October that RFE Group provides the opportunity for business partners like mortgage brokers to deliver a “more holistic service” to their clients.

“Just about every one of their clients that comes to them has a requirement for insurance services, or sometimes for superannuation services, and so when they come to a point where they can't assist their clients we'll build a relationship with them and help them provide a broader range of services,” Mr Rheinberger elaborated at the time.

During Centrepoint Alliance’s address to shareholders, CEO and managing director John de Zwart also commented that the company’s lending business is also “targeting specific market segments”.

“As a result, it continues to attract brokers and grow,” Mr de Zwart added.

[Related: Brokers continue to play important role for alternative lender]

Centrepoint Alliance on broker growth path
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James Mitchell

James Mitchell

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

He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.

He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.

James holds a BA (Hons) in English Literature and an MA in Journalism.

 

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