MoneyQuest has acquired boutique sub aggregator Buyers Choice, which currently settles more than $250m per month.
The national mortgage broking franchise has big plans for the combined business, said Michael Russell, MoneyQuest managing director.
Russell said “Both MoneyQuest and Buyers Choice have high credibility. We are looking forward to sharing best practices to further sharpen the operational efficiencies and value propositions of both businesses, to attract more high quality brokers aspiring to own thriving mortgage broking businesses.
“The impact on franchisees will be a positive one, as we are confident that each business can offer something of real value to the other. It is our intention to sharpen the value proposition that both businesses provide to their brokers.”
Established in 2007 and franchised in 2016, MoneyQuest has more than 100 offices across Australia.
Buyers Choice offers services for property finance, SME and commercial finance, vehicle and equipment finance, personal finance and car loans.
Buyers Choice founder and chairman, Mick McClure, has recently retired while CEO, Brett Mansfield, along with all Buyers Choice staff, will continue with the business.
Mansfield said “I am delighted to now be working alongside someone of Michael Russell’s calibre, whose industry experience and passion is second to none. We share identical values and our businesses enjoy a likeminded culture.
“I am thrilled with the strategic vision we have mapped out and am looking forward to leveraging our combined resources to further enhance our broker proposition,” he said.
