Acquisitive appetite clearly not sated for national mortgage aggregator
AFG has acquired a 35% equity stake in TS Finance Broking, marking the fifth investment in a brokerage by the mortgage aggregator to date.
AFG made the acquisition through its Broker Investments program, which launched in November 2024.
Since then, AFG has taken stakes in Melbourne-based Empower Wealth Group, Perth’s Lifespan Mortgage Services, Sydney-based Loan Path Finance and Brisbane-based asset finance specialist Network Finance.
TS Finance Broking is a boutique focusing on commercial and residential finance. Founder Tim Sheehan believes the investment will help unlock new opportunities for the group.
“We’ve focused on building long-term relationships and maintaining deep client
knowledge to manage enquiries effectively and stay proactive throughout the life of each loan,” said Sheehan. “AFG’s backing will help us accelerate growth while preserving the personalised, relationship-centric approach fundamental to our success.”
AFG chief executive David Bailey (pictured) said: “TS Finance Broking is a high-performing brokerage with a proven business model built on personalised financial advice and long-term customer relationships.
“We see significant potential for further growth and are excited to support their next phase of expansion.”
While TS Finance Broking is an existing AFG brokerage, AFG has signalled its intention to pursue more brokerages outside of its own aggregation network after acquiring a 28% stake in Loan Path Finance, formally of a competing aggregator.
