New arrangement aims to combine adviser networks with digital mortgage tools
Financial adviser group SHARE will keep a minority share in Newpark Home Loans after agreeing to let Tella Holdings take a controlling interest.
SHARE chair Richard Thomas said the move strengthens the group’s position as it continues to provide advice in insurance, investments and mortgages, while focusing on supporting clients ‘throughout their life and across generations.’
“SHARE has been built on firm foundations, enjoys a strong financial position and has a business model that is both sustainable and scalable. The opportunity to partner with Tella in this way to provide access to a modern mortgage adviser platform will bring benefits to advisers and clients alike,” Thomas said.
Newpark Home Loans has been part of SHARE since 2020. It works with almost 200 advisers who together settle more than $2.5 billion in mortgages each year. Together, SHARE and Newpark form one of New Zealand’s largest financial adviser groups.
As a financial technology company, Tella runs a mortgage platform designed to make loan applications easier for advisers. Chief executive Andrew Chambers said the new arrangement builds on their existing relationship with Newpark.
“We’ve been working alongside Newpark Home Loans for several years now and have built a close relationship with the team and the advisers. We’re excited about the opportunity to realise the potential of the business by leveraging our technology platform,” Chambers said.
“Whilst the shareholding is scheduled to change, the intention is to build on the great culture within Newpark, supporting growth within the existing advisers, while creating a home for new advisers to arrive and thrive.”
