Vow has officially launched a conveyancing and legal service for its brokers, after touting the move for several months.
The aggregator's chief executive Tim Brown outlined the launch of Vow Legal at the company's September conference in Fiji, and told Australian BrokerNews in late October the business would launch within weeks. The aggregator has now announced the official launch of Vow Legal, which Brown said will continue to provide the company's brokers with diversification opportunities.
Vow Legal will be managed by Astill Legal Group, and will provide brokers with services relating to self-managed super funds, wills, estate law, relationships law and conveyancing. Vow Legal managing director Rowan Astill said the service will aid brokers in complex property deals.
"Over the past decade there has been an increase in the level of complexity and skill required to complete a property transaction. Our practitioners have more than 40 years of collective property law experience, providing an exemplary professional service," Astill said.
Brown told Australian BrokerNews last month the Vow Legal software would allow brokers to track progress of conveyance online, and would offer brokers the ability to keep their clients informed throughout the process.
"The broker fills in the appropriate form, refers it to the solicitor and the solicitor looks after the file from there. The best thing is the broker can actually settle more than one file. In the past they had to refer that off to another solicitor, but this has the ability to track deals in every state in Australia," he said.
Diversification to drive Vow growth
Vow brokers embrace insurance products
Vow Wealth to 'quarantine' clients