Centrepoint Alliance on broker growth path

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.

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]