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ISCOVER
Staff Reporter
Two of New Zealand’s biggest brokerages have merged, effectively creating one of the largest financial services companies in the country.
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Allied Kiwi’s existing advisers and Loan Market’s mortgage brokers will join forces to create a network of 500 members which will offer home loan, insurance and other financial services across New Zealand.
The two businesses will continue to trade under the same successful brand names but will operate under the shared infrastructure of the newly created entity, NZ Financial Services Group.
Loan Market chief executive David Hart said home owners and buyers throughout New Zealand would benefit from this announcement and that the two groups would continue to achieve the same successful outcomes for clients.
“Our businesses provide a valuable service to home owners and buyers and, in joining forces, will be able use our combined resources and years of experience to service the financial goals of our clients,” Mr Hart said.
“Allied Kiwi and Loan Market are two brands who have built their success upon outstanding customer service and getting home owners the right deal. The size of this new company reflects the trust Kiwi home owners and buyers have had in both these businesses.
“Loan Market brokers now have the ability to offer additional products such as insurance and financial advice. They will also be upgraded to a technology platform that will ultimately enable better service for our customers.”
Mr Hart said he was particularly proud to align two businesses that were innovative and successful during a difficult market.
“Our businesses have been leaders in helping Kiwis achieve their financial dreams. We will continue to deliver upon our promise to provide expert solutions. The added support this merger creates will further strengthen our ability to deliver on our core values,” Mr Hart said.
