Connective has entered into a strategic partnership with an established asset finance aggregator that supports 20 brokerages.
Established in 1982, Money Resources Group (MRG) is set to leverage Connective’s technology and compliance expertise to position itself for future growth.
Brent Starrenburg, head of Connective Asset Finance, said that while Connective continues to offer member brokers with asset and SME finance products and support, Connective Asset Finance aggregation was formed to exclusively cater for the unique requirements of asset finance specialists.
“We recognised the asset finance sector is evolving quickly and becoming increasingly complex, particularly in the areas of compliance and regulation.
“In forming Connective Asset Finance, we are building on many years supporting asset finance brokers while leveraging our experience in delivering best-in-class aggregation to deliver a bespoke service for asset finance specialists.
“We are confident MRG brokers will benefit from the resources and support we bring to bear while retaining a freedom to run their business as they see fit.”
MRG director Harry Anderson said that the group was “at risk of being left behind” from a technology perspective.
“Partnering with Connective has given us the opportunity to work with cutting-edge technology that will see our members well positioned both now and into the future,” the director said.
“With increased regulation on the way, choosing the right business partners has never been more important. This move is about supporting the 20 member firms of our group.”
Mr Anderson said that MRG was impressed with Connective’s transparent approach to plant and equipment finance.
“The professionalism of our brokers will undoubtedly advance as they access Connective’s suite of services, most notably in the areas of compliance and marketing.”
[Related: Connective expands asset finance team]
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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