Aggregator set to become country's third largest

by Adam Smith29 Apr 2015
A major aggregator has claimed it will become the country’s third largest within the next six to 12 months.

Vow Financial has forecast strong growth in the final quarter of the year. The aggregator has recorded 56% growth in settlements for the financial year to date, compared to ABS reported market growth of 15%.

The results come on the heels of the aggregator’s acquisition by Yellow Brick Road in 2014.

“We believed in Vow’s potential from the outset,” YBR chairman Mark Bouris said. 

Bouris said the aggregator was expected to deliver $3bn in settlements in the final quarter.

“Since acquiring the group last year we have increased loan writers by 20% and made significant improvements to our product offering, including the launch of Vow Home Loans,” Bouris said.

Bouris said Vow had been particularly strong in NSW, where it outperformed other broker groups four-fold. He said the company expected to become the third largest mortgage broking group in the country within the next six to 12 months.


  • by Disenfranchised 29/04/2015 1:49:46 PM

    Unfortunately it comes at the cost of screwing over Yellow Brick Road Branches.... dilution of their unique service offering, loss of territory rights, noncommercial split for a "brand" that markets to those at the bottom end of the food chain.

  • by MCC 29/04/2015 2:01:51 PM with many things bigger is not always best & one needs to make sure growth is measured & sustainable - I'd prefer to be around for a long time with proven credentials & quality measurements in place than to simply grow for the sake of growth. History demonstrates that.

  • by Brad 29/04/2015 5:31:03 PM

    Third largest broking group?
    AFG, Connective and Aussie groups are all "supposedly" settling around 2-3+billion a month. Plan/Fast and Choice collectively would easily be doing that plus more!
    VOW hasn't settled their first billion in any given month as yet, so they must be planning on MORE THAN doubling where they are at today within 12 months..?
    More spin. Good luck!