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KeyInvest acquires national mortgage broking business
KeyInvest has announced the acquisition of leading mortgage and finance broker, FirstRock. The acquisition cements KeyInvest's position as one of the largest finance and mortgage brokers in Australia.
KeyInvest's current mortgage division, Money Advisers, and the FirstRock business will be rebranded as KeyInvest Lending Services to take advantage of the combined national representation. As a result of the acquisition, KeyInvest Lending Services will have a loan book value in excess of $2 billion.
KeyInvest Lending Services will be led by Chris Burns, who is the current Chief Executive Officer of Money Advisers, with the head office remaining in Adelaide located at 81 The Parade, Norwood.
KeyInvest Lending Services will have an Australia-wide network of around 90 consultants specialising in sourcing finance options for owner/occupiers, investors, commercial transactions and commercial leasing. Mr Ian Campbell, KeyInvest Group Managing Director, said the acquisition was a strong strategic fit for both businesses and their clients.
"This acquisition cements KeyInvest's position in the Top Ten finance and mortgage brokers in Australia by size," Mr Campbell said. "We have brought together two leading finance service providers to expand our presence and offering in every mainland State. "FirstRock brokers and clients now have the backing of highly experienced management, strong business networks and a team of dedicated mortgage consultants across Australia.
"This acquisition is a key step forward in KeyInvest's national expansion strategy. "We aim to grow our existing operations in the Northern Territory and Queensland and add to our footprint in New South Wales, Victoria and Western Australia while building on our strong presence in South Australia." Mr Campbell said KeyInvest and FirstRock shared similar business philosophies and high customer service standards and would continue to explore new products and services.
"By dealing with all leading banks and financial institutions KeyInvest Lending Services is ideally placed to provide the best finance solutions for our clients," he said. "In the current economic climate, choosing the right financial option can potentially save a client thousands of dollars in bank fees and additional repayments over the life of the loan." KeyInvest will continue to trade under the KeyInvest brand for all its other financial and retirement living services.
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Community lecture — "Alzheimer's disease — what causes it and can it be prevented?"
In conjunction with the University of Adelaide, KeyInvest is delighted to present internationally renowned genetics research scientist and Senior Lecturer at the University of Adelaide, Dr Michael Lardelli, who will give a presentation on his current research into Alzheimer's Disease. To book your attendance at this August event, or for more information, contact KeyInvest on 1300 658 904.
KeyInvest hits the road to support the Julian Burton Burns Trust.
In September 2010 Team KeyInvest, with over 50 runners and walkers, will take to the road in the annual South Australian City to Bay to raise money for the Julian Burton Burns Trust. The Julian Burton Burns Trust is a leading Australian charity group who work for the prevention, care and research of burns and burn victims around Australia. KeyInvest aim to raise at least $5,000 to support this worthy cause. Donations can be made at www.everydayhero.com.au/keyinvest
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KeyInvest Village Manager nominated for RVA Award
Congratulations to our Gables and Garden Cottages Village Manager, Andrew Cameron, for being nominated for the Retirement Village Association's Manager of the Year. Andrew's commitment to quality customer service is greatly appreciated by the residents at these villages and we're delighted that they felt so strongly about Andrew that they nominated him for this Award.
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Property Investment seminars – June series
Our June and July Property Investment seminars have now concluded.
New seminar dates will be released soon — call
08 8210 0000 for more information and to register your interest for the next series.
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KeyInvest Life Events Bond outperforms the competition.
After outperforming our competitors in the first 6 months since we launched the Life Events Bond in late June 2009, our Fund Managers have done it again in the March 2010 quarter!
All Life Events Bond active Investment options are measured against our major competitors similar Investment options. For example the KeyInvest Life Events Bond Balanced option has returned 14.42% in the 9 months to March 31 2010 compared to the 9.60% return achieved by the ING Investment Savings Bond Balanced options.
Competitor products measured include AMP; ING; IOOF; Lifeplan; CommInsure; Austock; Australian Unity; Over Fifty Group. If you are looking for a simple tax effective long term investment to help you save for major life events, with competitive returns, you can find more information here.
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Our mortgage brokers lead the way as new legislation is introduced.
2010 heralds the start of a new legislative era for the credit and mortgage broking industry with strict requirements being introduced across Australia. KeyInvest’s mortgage broking group, Money Advisers, is well advanced with preparations as many of the new requirements have already been introduced as standard practice.
Chris Burns, CEO of our Money Advisers division says “For many smaller brokers these changes may well be the final straw after an incredibly tough 12 months – however the size and existing compliance skill set of KeyInvest means we are well positioned to transition to this new era with minimal impact for our brokers, allowing us to continue to offer the high level of service that our customers have come to expect”.
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