Property proves popular as aggregator launches new division

by Mackenzie McCarty04 Sep 2012

One financial services group and mortgage aggregator is pursuing further diversification with the addition of a property division.

WA-based Ballast said the introduction of a new property division, called Ballast Property, would assist broker clients to achieve financial independence.

"We are committed to assisting our partners and their clients in becoming financially independent and building wealth," Ballast CEO Frank Paratore said.

"We now provide clear direction and assistance with all facets of property investment, self-managed superannuation funds, financial planning, mortgages, risk insurance and accounting."

Paratore said the division would assist assist clients with strategic property selection, acquisition and management of their investment property portfolio.

Real estate, banking and finance executive Nicholas Psyhogios will head up the new division. He said the division would take the 'confusion, guesswork and frustration' out of property buying.


  • by Country Broker 7/09/2012 2:40:21 PM

    I gave a question are they acting as buyers advocates ? Property Managers ? Investment Advisers? or what ???
    I can understand how a mortgage broker may obtain more business from a division like this , but I would be cautious as a broker to make sure my PI cover had the right cover in case a recommended propoerty investmet that had been recommended by the property division went bad , and I had provided the finance. You can be sure any legal actions would catch the mortgage broker as well Great Idea but!