It acquired the rival company last month
SHARE NZ chief executive Tony Dench confirmed that they would continue to look for new opportunities to grow following its acquisition of insurance and mortgage group Newpark.
SHARE NZ took over Newpark in November after it sought financing due to uncertainty over its life insurance revenue.
According to TMM Online, SHARE NZ acquired the rival to boost its home loan adviser team. With 200 advisers from Newpark Home Loans, SHARE now has over 500 advisers for insurance, mortgage, and investment – and it plans to seek more opportunities to grow.
“There are extra benefits that members can enjoy as part of the combined group, including the opportunity to take a share in the SHARE co-operative, or accessing the corporatised model for funding or succession planning,” Dench told TMM Online.
“We said we have growth ambitions, and we have realised those ambitions with this deal. This [Newpark] is where the focus is, but SHARE is ambitious, and we will look at other opportunities as they present themselves. We will, of course, look to bed down this amalgamation first.”
