Newpark aggregation group sold
Newpark, which was acquired by SHARE in a surprise move a number of years ago, has been sold again.
Friday, August 29th 2025, 10:01PM 
1 Comment
SHARE acquired Newpark in 2020 and has now sold a controlling stake in the business to financial services technology company Tella.
Newpark has just under 200 mortgage advisers who, collectively, settle around $2.5 billion of mortgages every year.
SHARE will keep a minority interest in Newpark Home Loans and will continue to work closely with the business.
Tella, headed by Andrew Chambers, operates an innovative mortgage platform for financial advisers, streamlining the loan application process and making the home loan journey simpler, faster, easier to understand and more enjoyable.
Chambers says, “We’ve been working alongside Newpark Home Loans for several years now and have built a close relationship with the team and the advisers."
"We’re excited about the opportunity to realise the potential of the business by leveraging our technology platform.”
“Whilst the shareholding is scheduled to change, the intention, is to build on the great culture within Newpark, supporting growth within the existing advisers, while creating a home for new advisers to arrive and thrive.”
SHARE chairman Richard Thomas, "The opportunity to partner with Tella in this way to provide access to a modern mortgage adviser platform will bring benefits to advisers and clients alike. SHARE will continue to provide advice on insurance, investments and mortgages and build enduring relationships with clients throughout their life and across generations.”
The SHARE and Newpark run different models, with the former embracing a corporate model while Newpark is more a traditional aggregation group with advisers running their own businesses.
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In their simplest form they need to make their members as sticky as possible to extract revenue from them.
The Master FAP agreements groups have with lenders is their sole strong hold /monopoly over mortgage advisers.
Banks and lenders are happy to have minimal Master FAP licenses as the cost to them is small, but the FMA clearly didn't take this into account that there would be FAP’s under FAPs creating over regulation.
This creates duplications like regulation I.E advisers being forced to comply with master FAP Regulation requirements as well as their own FAP licences via the FMA so a complete double up, all at the so-called group made up cost to the adviser.
Dealer groups /master FAP holders, also create behind the scenes referral structures based on bulk referrals by their members, where the groups receive back-office referral fees that are not disclosed to the advisers let alone the public.
What value does Tella think they will now add? , an E lodgment platform that requires advisers to load their clients personal lending detail onto it, comes at a cost no doubt.
Advocates for advisors I think not.