Independent dealer group My Adviser has recently joined forces with mortgage broking business Members First Broker Network.
The partnership will see the dealer group of 100 advisers provide financial planning services to a group of around 150 mortgage brokers, according to My Adviser managing director Michael Summers.
"In September we officially entered into an agreement with Members First to provide financial planning services to their mortgage brokers, and they in turn are of course referring business to advisers within our organisation," he told InvestorDaily.
The dealer group has since had a number of Members First's brokers undertake the ASIC training requirements, Summers said.
"Through our corporate induction requirements we've also developed systems of mentoring those brokers and ensuring there is quality control of the service they provide to their mortgage clients."
Summers said the two organisations shared a similar approach to client service.
"We're both committed to client service and a culture of delivering value, so we believe that there's a two-way benefit," he said.
"We'd been in negotiations with them for over a year - it's not something that we rushed into. It took time to ensure we had it absolutely right and we're working to the same standards."
The dealer group's network of advisers had also welcomed the partnership, Summers said.
"They're obviously very enthusiastic for a number of reasons. We're setting up what I call 'buddy arrangements' with leading financial planners who will be teamed up with mortgage brokers to provide the advanced financial planning services on the occasions that they're required," he said.
"But also the benefit to our advisers is that they will have access to a privately-owned but extremely experienced brokerage team."
