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ISCOVER
Staff Reporter
Vow has strengthened its presence in the wealth management space, opening a second office in Sydney.
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According to Vow Wealth national sales manager Justin Dale, the new branch, which is located in the Sydney suburb of Parramatta, will offer support and products to a select number of Vow Financial brokers to help them expand their business into wealth management.
“Vow Wealth can now offer a full financial planning structure to brokers that includes mortgages, insurance and wealth management,” Mr Dale said.
“We have initially chosen a select number of brokers who have shown interest in moving into the wealth management area, and, at the same time, we have also taken a lot of inquiries from other brokers outside out network who are interested in what Vow Wealth is offering.
“Stepping into the wealth management business allows our brokers to offer more services and products. Because the market is changing so rapidly, diversification is the key to survival. We want to be there with the brokers on this journey.”
Mr Dale said Vow Wealth could facilitate the education opportunities required for brokers to go down the path to a full financial adviser business.
The new Parramatta office is the second in a joint venture partnership model in Sydney, with an existing office at Crows Nest in North Sydney.
“We are looking at similar partnerships to be rolled out around Australia in the next few months,” Mr Dale says.
“In early November we will open a Perth office, followed in mid-November for an office to service the Hunter region and Central Coast.”
Vow Wealth offices were also being planned for Victoria and Queensland.
