Newpark in strategic partnership with Macquarie
Newpark announced at its conference that it has set up a strategic partnership with Macquarie Private Wealth Management and it is also launching a second lead generation programme focused on the immigration market.
Thursday, November 25th 2010, 4:35PM 
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by Jenha White
Managing director, Darren Gannon says it is looking to give members the opportunity to provide their client with a complete service offer, without being the expert in each area of advice.
Registered mortgage and insurance advisers can refer clients needing investment advice to Macquarie Private Wealth Management which Newpark has developed a strategic partnership with or to other options also provided.
Newpark general manager Barry Read says advisers using Newpark investment services will know that their client is in "safe hands" and their existing business will be ring-fenced.
He says if a Macquarie financial adviser decided to leave and go out on their own, the referral business with Newpark would stay with Macquarie.
Newpark advisers unqualified to give advice on mortgage broking and fire and general insurance can also refer that business to Newpark mortgage broking services and Newpark fire and general.
Read says these referral options pretty much complete the full circle of financial advice giving clients a complete service offer.
The group also announced that its lead generation programme which has been operating for five weeks is running at over 400 leads a week nationwide.
In looking to expand this success, Newpark has also teamed up with Lead Gen which is a company focused on the immigration market to get further business from February 1.
Read says the immigration market will be a good opportunity to find new business.
Jenha is a TPL staff reporter. jenha@tarawera.co.nz
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