November 2019 - Newpark Financial Services Ltd

New Adviser Mortgage Mentor Program

One of the big challenges you face when bringing a new Adviser on board is the drain on your personal time and the opportunity cost to the business. What's more, trying to determine what structured content over what period should be used is equally as difficult. Fear not because we understand this and recognise there is a gap in the market! That's why we're excited to launch our structured Mortgage Mentoring Program to assist your new recruit with their lender accreditation requirements. New Advisers with little or no lending/brokering experience will undertake six months of close supervision and monitoring under

Andrew Scott2019-11-29T08:44:26+13:00Friday 29 November, 2019|Blog|

Dealer groups warn of rising costs under new regime

Speaking at the TMM Better Business Conference in Auckland this week, most groups in attendance said the demands of the regime would require extra costs to cover audit and compliance. Groups gave varying estimates of the potential impact. Andrew Scott of Newpark Home Loans said Newpark had conducted “financial modelling” to assess the cost for advisers working under a group FAP. Scott claimed the new regime would cost advisers an additional $21,000 per year under a group FAP. Scott said: “That’s a conservative estimate, and not to make a profit, but just to break even. If you come under someone

Andrew Scott2019-11-19T13:48:55+13:00Tuesday 19 November, 2019|Blog|

Newpark doubles down on helping its Advisers in the new era

Newpark has taken a stand to support the autonomy of its Advisers to run their own businesses their way, control their own costs of compliance, and be trusted to raise the standard of their own practices and processes from which they receive their incomes. Newpark has announced, at its conference Friday, three initiatives aligned to support Advisers in the new licensed environment. The dealer group believes its members should be Financial Advice Providers (FAPs) than than the group being the licensed entity. Chief executive Melanie Purdey says Newpark will roll out an administration hub in the New Year that will

Andrew Scott2019-11-29T08:37:15+13:00Tuesday 19 November, 2019|Blog|

2020 Black Tie Awards Evening

This year's Achievement Award Winners were recognized at the Awards Banquet last Friday night. These awards were to recognize those who made significant contributions to New Zealanders by ensuring more lives were protected and more futures were secured. The Platinum Award was presented to those who achieved in the top 1% of all Newpark Advisers for the period from 1 July 2018 to 30 June 2019. For risk, our Platinum Award winners are: • Leecia Burford • Sanjay Lal • Warren Butler And for mortgages our Platinum Award winners are: • Jaz Bedi • Rachana Dave • Sukhpreet Sidhu Premier

Andrew Scott2019-11-15T09:34:53+13:00Thursday 14 November, 2019|Blog|