Two biggest broker groups to join
Allied Kiwi has reached a conditional agreement to merge with the Ray White aligned Loan Market group.
Allied Kiwi chief executive Brendon Smith has announced the conditional agreement to members as there had been "some noise" in the market about the deal.
He says the current Allied Kiwi business models and member offerings will continue moving forward.
He will continue to be responsible for the Allied Kiwi business supported by Brian Greer, Brent McGregor and its adviser Services team.
"There will be no changes to commission structures or payment frequencies and all staff at both Allied Kiwi and Loan Market will be retained during this merger."
He says the will create an opportunity for members to grow their businesses with additional resources, inlucding:
- More staff across the country including a full time Auckland office.
- More options including optional lead generation through the Loan Market alliance with Ray White Real Estate.
- Dedicated in-house IT Team to ensure that MyCRM keeps ahead of the pack.
- Greater focus on assisting members with compliance & regulation.
- More training for MyCRM & increased Business Development opportunities.
"This merger will create a stronger more viable business partner for both you and our suppliers. Our new company will be able to invest more into our infrastructure which in turn will provide a better platform for you to grow your business," he told members.