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Aleks Vickovich
One of Australia's top mortgage originators is set to launch a financial advice unit, in a further sign of the convergence between the two industries.
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Resi Mortgage Corporation has announced it will partner with Shartru Wealth Management to create Resi Financial Services.
The joint venture will see qualified financial planners working alongside Resi mortgage specialists in the company’s retail franchises, with an initial trial in the Sutherland franchise in suburban Sydney.
Resi CEO Angelo Malizis said the new venture – Resi Financial Services – would give Resi’s clients access to more ‘holistic advice’ and provide them with greater convenience.
“We understand the value of sound financial advice and this is something we have been planning for some time,” he said.
“Buying a home is the largest financial decision most people will make in their lifetime. It makes sense for home buyers to consider their broader financial goals and practical needs so they can ensure their home loan fits their financial position, now and in the future.
“It also benefits our franchisees, as many customers prefer the convenience of using one provider to manage their investment needs.”
Mr Malizis said Resi would continue its core focus on mortgages, but broadening it to better reflect the needs and wants of Australian investors.
Former federal Opposition leader and Shartru chairman Dr John Hewson said the move establishes Resi as an up and coming dealer group in the financial services space and that Resi would benefit from Shartru’s financial advice expertise.
“Shartru Wealth Management was formed in 2012 and our directors all bring a minimum of 20 years’ experience in financial services,” he said. “The partnership with Resi will allow us to reach more Australians and create opportunities for advisers.”
