24 January 2012
Yellow BrickRoad Wealth Management has announced the company has signed its 100th branch licence and welcomes Yellow Brick Road Geelong to its thriving retail network. The company signed over 50 branches to the business in 2011 and plans bring on another 25 branches by the end of the financial year.
Yellow Brick Road is growing against the grain and will ramp up its aggressive recruitment campaign in the coming months. The company’s 100th branch announcement is an about face for the industry, with UBS predicting 7,000 bank jobs to be cut in the next two years. With ANZ and Westpac announcing plans for mass redundancies and Commonwealth Bank cutting hours in regional branches, Yellow Brick Road will be looking to capitalise on opportunities through their service-based philosophy.
“The banks are showing extreme sensitivity to the current climate by announcing plans to cut staff and hours in the retail banking sector,” says Yellow Brick Road Executive Chairman Mark Bouris. “The current economic climate combined with decimated consumer confidence has changed the landscape and now is the time when people need guidance and advice the most. That’s why we’re aggressively looking for mortgage brokers and financial planners who want to be their own boss and join the Yellow Brick Road family. ”
Yellow Brick Road currently has branches in neighbourhoods as diverse as Mt. Isa, QLD, Frankston VIC and Perth CBD. The push to continue opening shopfronts in young and thriving communities is a very different strategy to many lenders currently looking at online and offshore based options.
“At Yellow Brick Road we believe that financial services is a relationship-based business, not a transactional one,” says CEO Matt Lawler. “People deserve someone they can trust to guide them in the decision making process and educate them on the best products and services for their personal goals. Online based services offer convenience and efficiency, and we believe we can offer the best of both worlds by combining technology with our tried and tested serviced based proposition.”
Yellow Brick Road is currently continuing their aggressive recruitment strategy and welcomes wealth management professionals to enquire about working within the company’s branch network.
“Yellow Brick Road was founded with a vision to democratise financial services and bring quality advice to all Australians,” says Bouris. “The signing of our 100th branch is testament to our model and shows there is a market for a truly independent wealth management company that puts their client’s needs first. We’d like to thank our entire network of branches, staff, partners and especially our customers for helping us reach this exciting milestone and we welcome anyone interested in joining our network to give us a call.”
Click here to read more about starting your own branch at Yellow Brick Road.
Copyright © 2012 Yellow Brick Road
