The former Mortgage Link franchise in Manawatu has branched out to form Mortgage Connect, a new adviser business based in the same part of the city.
Mortgage Connect is owned by Craig Seton and Brent Jaslarz, with experienced advisers including Phil Christmas and Gail Jensen. Seton and Christmas were instrumental in founding Mortgage Link Manawatu.
The new business has joined NZFSG and will operate as its own branded business.
Mortgage Connect began operating last month, and has relaunched to its existing client base.
Seton told TMM Online he formed Mortgage Connect to "go in our own direction with our own brand that we could promote". He added: "It gives us more freedom. It's about having our own identity, controlling our own destiny and what we do with our business."
Seton said Mortgage Connect chose NZFSG for its "access to lenders", and "strong technology options".
He added: "We've had a positive response so far, and our whole philosophy is about advising clients so they can prosper."
Seton said the business would operate as an FA under NZFSG's FAP licence under the new regime.
Mortgage Link will continue to operate in Palmerston North after the departure of the old Manawatu team. Mortgage Link said in a statement: "Karen Blair who has been operating from the Feilding Mortgage Link office since February 2019, is now looking after the Palmerston North area as well. We will be looking at adding additional mortgage advisers to the area in due course."