NBG strikes deal with planning group
By
Larry Schlesinger
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2/12/2009 8:20:00 AM
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National Brokers Group (NBG) has signed an agreement to provide aggregation services to financial planning group, Matrix Planning Solutions
The announcement comes soon after NBG revealed its merger plans with The Brokerage and The Mortgage Professionals as part of the Macquarie aggregation venture.
As part of the agreement, Matrix financial advisers will be able to offer mortgages by gaining access to NBG's lending rates as well as a preferential fee split with the aggregator.
Managing director of Matrix, Rick Di Cristoforo said the company had a strong focus on accessing related services such as mortgages, finance for succession loans, paraplanning, HR recruitment and other services where it can give advisers "preferential access and competitive rates" without affecting costs.
The NBG arrangement has been negotiated to further facilitate the service offering from a licensee level to the practices. Matrix currently has 40 practices nationwide.
Related stories:
Macquarie-backed aggregator revealed - The Mortgage Professionals (TMP), National Brokers Group (NBG) and The Brokerage (TB), have signed an agreement in principle to merge to form a new aggregator, to launch early next year
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