Nathan Miglani joined Loan Market franchise in 2017, and was named its number one mortgage adviser in Australasia in the group's awards last year.
He has set up NZ Mortgages as as standalone group and has a staff numbering 20.
He says he was happy to start the new company after reflecting on what his professional life would be like for the next 5 to 10 years.
“Well, the result of all this, I’m happy to say, is we are now operating independent of any franchise structure and under a brand-new name, NZ Mortgages,” Miglani said.
“This will be our ‘new baby’ to nurture over the next few years as we strive for our goal of becoming a household name.”
Miglani said his business would differ from many others, as it would not sit inside a real estate company as some firms are.
The move away from a franchise model which provides full support to its advisers, comes weeks before the new financial adviser licensing regime kicks in.
Miglani says because the market has quietened down there is more time to take a long term view.
“For the last couple of years, the market has been pretty mental, it was quite crazy what happened in New Zealand after Covid.
“But now, the market is more balanced, it is not crazy busy, so we have had time to work on the business, rather than working at the business. So we are taking this opportunity to make sure the whole team stays happy, the whole team stays motivated, and the whole team is inspired for the next ten years rather than being frustrated on a daily basis.”
Miglani said this was a big move to make, but it was essential for his growth as a business owner.
“I had come to a bit of a block and needed to ask myself whether I could fully enjoy what I was doing for another few years. What I’ve discovered is that ‘creating’ something is more important that ‘achieving’ something - it energises rather than depletes.”
