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Compliance

HFS eyes expansion through regulation

by Staff Reporter8 minute read
The Adviser

Harcourts Financial Services has voiced its support for the industry’s impending move to regulation.

The company’s chief executive officer Andy Graham said the introduction of legislation was a positive move for the industry as it would improve broker positioning and credibility in the market place.

“I see this new regulation as a real positive for our business and will assist in building the professionalism of our industry by weeding out the cowboys and under-achievers from the dedicated industry participants,” Mr Graham said.

Harcourts Financial Services is currently looking to expand the business through both organic growth and diversification.

“We have a base of 45 outstanding mortgage consultants right around the country, with the aim to continue to build our team to 70 high-quality, industry-compliant people over the next 12 months,” Mr Graham said.

Already, the company has seen a marked upswing in its monthly written applications, which increased by 149 per cent in the last two months.

“We look forward to our next financial year, assisting our clients, developing a one stop scenario for all Harcourts clients, and continuing to diversify our business via other avenues such general and risk insurance sales, and asset finance opportunities.”

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