It has announced it is entering into a memorandum of understanding to manage Roost Mortgage Brokers.
It follows the recent acquisition of the Wellington-based insurance broker Wells Everett Wynn – a brokerage focusing on general and life insurance.
AdviceFirst chief executive Mark Ennis said: “As a result of this change AdviceFirst can now provide New Zealanders with greater expertise in mortgages and offer customers access to home loan deals in a way that hasn’t been possible previously.
“Today’s announcement offers additional product solutions to our customers and an expanded nationwide network of advisers with specialist expertise. Over the next few months we will be working through a transition plan to combine the best of both businesses and will be communicating with further details during that period.”
Since being founded in 2008, AdviceFirst has acquired 18 organisations, making it the largest financial advice business of its type in New Zealand.
Ennis said it has plans to expand further.
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