About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, July 19th, 9:22AM
rss
Latest Headlines

Avanti targets adviser channel with BDM hire

Non-bank lender Avanti has promised more support for the adviser channel following the appointment of a new BDM, as it expands its range of products.

Friday, April 5th 2019, 10:06AM

The lender has hired Graham Clarke, former National Sales Manager at Mortgage Link, as its new Business Development Manager for the north island, as it aims to build a greater number of partnerships with advisers.

The new hire comes as the business prepares to move in early to new premises on 33 Broadway in Auckland, a new development also occupied by Mercury Energy. The group has employed an extra 30 people over the past few years, due to increased demand. Avanti has also secured new funding over the past year to support a series of acquisitions over the past five months.

Stephen Massey, head of sales at Avanti, told TMM Online that the developments were part of a concerted effort to build its adviser channel and raise awareness. "Graham has a strong adviser focus which is hugely important to us, as we look to grow. It is about having a stronger presence, supporting the adviser channel and helping them learn more about Avanti."

Clarke worked for Mortgage Link between 2017-2019 and was previously BDM for NZCU Baywide, according to his LinkedIn profile. Before that, he worked as a mortgage lender for TSB Bank and Westpac across Napier, Hastings, and Palmerston North. He is set to meet with adviser groups and brokerages across the north island to build relationships, Avanti said.

Massey said Avanti is keen to grow its near-prime mortgage business through lower long-term rates. Avanti is also targeting near-prime vehicle finance lending, following its acquisition of Branded Financial Services at the end of last year. "We have been doing vehicle financing for 20 years, but this gives us exposure to first tier vehicle lending."

Avanti also entered the insurance premium funding market with the acquisition of Bexhill Funding Group in January. Bexhill allows advisers to work out flexible premium funding arrangements with their clients. Massey says it is another growth area for Avanti. "Our goal is to be recognised as the non-bank lender of choice, and to achieve that, we have expanded our product suite since the end of last year."

Avanti has sourced more funding for its growing product range over the past year. In late January, an unnamed private equity firm took a minority stake in the business, Massey said. Meanwhile, Avanti's SME lending platform, Get Capital, received a securitisation funding line from BNZ. "It's our first foray into having a second bank in the mix, and it's an important step for the business," Massey said.

 

Tags: Avanti non-bank lenders

« Price war heats up with ASB moveGreen light for new financial advice regime »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Pathfinder-backed KiwiSaver to target gender diversity
    “This is a great initiative by Pathfinder - congratulations on taking a risk, and standing up for something that you believe...”
    20 hours ago by Pragmatic
  • Call to ensure efficient advice licensing
    “@all Put your cheque books away - no need to pay the lawyers to do the research to provide an opinion...... In my old...”
    1 day ago by Murray Weatherston
  • Call to ensure efficient advice licensing
    “Further reading - Kinsington Swan in February 2018 https://www.kensingtonswan.com/news-updates-and-events/financial-advice-reforms-insights-series-14-penalties-enforcement-complaints-and-disciplinary-matters/...”
    2 days ago by all hat, no cattle
  • Call to ensure efficient advice licensing
    “MPT and Murray this might help https://www.fma.govt.nz/assets/Fact-sheets/Who-will-need-a-licence-to-provide-financial-advice...”
    2 days ago by all hat, no cattle
  • Call to ensure efficient advice licensing
    “Thanks Murray, it seems we are on the same page. Be great if the regulators could confirm or not. AHNC, I agree I dont...”
    2 days ago by MPT Heretic
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.69 4.35 4.35 4.55
ANZ Special - 3.85 3.85 4.05
ASB Bank 5.70 4.29 4.35 4.55
ASB Bank Special - 3.89 3.85 4.05
BNZ - Classic - 3.85 3.85 4.05
BNZ - Mortgage One 6.40 - - -
BNZ - Rapid Repay 5.85 - - -
BNZ - Std, FlyBuys 5.80 4.69 4.59 4.79
BNZ - TotalMoney 5.80 - - -
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.60 4.75 -
Housing NZ Corp 5.80 4.69 4.49 4.45
HSBC Premier 5.89 3.79 3.79 3.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.65 3.85 3.95 3.89
Kiwibank 5.80 4.60 ▼4.60 ▼4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.65 - - -
Kiwibank Special - 3.85 ▼3.85 ▼3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 4.89 4.99 -
Resimac 5.30 4.86 4.14 4.19
RESIMAC Special - - - -
SBS Bank 5.79 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 3.85 3.85 3.99
Sovereign 5.80 4.29 4.35 4.55
Sovereign Special - 3.89 3.85 4.05
The Co-operative Bank - Owner Occ 5.65 3.89 3.89 4.05
The Co-operative Bank - Standard 5.65 4.39 4.39 4.55
TSB Bank 5.69 4.45 4.35 4.55
TSB Special - 3.95 3.85 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.79 4.69 4.79 5.19
Westpac - Offset 5.79 - - -
Westpac Special - 3.85 3.85 4.05
Median 5.80 4.35 4.35 4.19

Last updated: 15 July 2019 9:47am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com