Platform Finance WA becomes COG Aggregation WA

WA dealer companies enterprise Platform Finance WA has rebranded to turn out to be COG Aggregation WA (COG WA), an aggregator constructed particularly for West Australian brokers.

As well as, WA finance specialist Natalie White-Dunn (pictured above) has been appointed as enterprise improvement supervisor for the newly launched enterprise.

“We’re very excited in regards to the rebrand,” mentioned White-Dunn. “We now have constructed this fully-fledged aggregator to assist WA brokers, by offering a full suite of merchandise and the perfect in native assist.

“And COG WA is extra than simply an aggregator; we’re a collaborator in our dealer members’ companies. They profit from the backing of one of many nation’s largest aggregators whereas on the similar time receiving customised grassroots assist.”

COG Aggregation WA: Unpacking the rebrand

Beforehand, Platform Finance WA supplied separate companies underneath the COG Aggregation and Platform Finance manufacturers. This variation simplifies issues by combining each choices underneath the one COG Aggregation WA model.

White-Dunn mentioned that Platform Finance WA has all the time functioned as an aggregator for brokers, not a brokerage itself. Whereas Platform Finance acts as a central processing hub in different components of Australia, this wasn’t the case for Platform Finance WA.

“COG WA launched its referral providing to supply all varieties of finance to brokers – each inside and outdoors our member base,” she mentioned.

“It’s a centralised referral hub for asset, business, and shopper finance, which brokers might not want to deal with inhouse or don’t have the experience and sources to take action.”

Importantly, COG Aggregation WA will proceed to supply its full suite of aggregation companies alongside the brand new referral program. Brokers could have the pliability to decide on how they wish to work with COG WA.

“Our devoted WA crew neatly packages the nation’s best monetary options into an simply accessible native proposition,” mentioned White-Dunn.

For instance, its dealer community, which has round 200 brokers, can entry lenders solely accessible to COG Aggregation, together with merchandise from specialist monetary establishments Westlawn Finance and Fairness One.

“As well as, through our tiered service mannequin brokers can select how concerned they need COG WA to be of their respective companies.”

COG Aggregation WA: What’s on provide to brokers?

White-Dunn additionally unpacked how the rebranding will have an effect on brokers.

By way of her new function, White-Dunn mentioned she would carry an “potential to construct and keep robust, lasting relationships with dealer and business companions” after 25 years within the native finance sector.

She beforehand held roles with Westpac within the business/enterprise banking sector; as a BDM with Homeloans Ltd; as partnership supervisor with LMG; and as a BDM with Platform Finance WA.

“I’ve a selected understanding of the WA asset and business markets, and I specialize in totally diversified dealer companies. I’m wanting ahead to what we are able to obtain collectively,” White-Dunn mentioned.

By way of COG Aggregation, it’s developed quite a lot of applied sciences to assist brokers, together with a brand new WA web site, a CRM system, and dealer portals.

The corporate mentioned they’ve been designed to supply enhanced companies aimed toward diversifying earnings streams.

White-Dunn mentioned an aggregator with a state-specific focus has a “deep understanding of the native market, rules, and financial circumstances”.

“This experience permits us to supply tailor-made recommendation and options which can be extra related to the distinctive wants of brokers and purchasers inside Western Australia.”

Highlight on WA panorama and tendencies

Commenting on the nationwide panorama, White-Dunn mentioned that over the previous three to 5 years, the Australian market has confronted noticeable shortages in housing and important tools, stemming from the pandemic and compounded by the stringent border closures.

“It’s anticipated that housing values in 2024 will nonetheless enhance, however at a decrease price than 2023,” she mentioned. “We count on demand to sluggish given the upper price of residing stress and better rates of interest.”

At a WA degree, White-Dunn mentioned WA, recognized for its robust capital-intensive industries equivalent to civil, mining, building and earthmoving, remained a “pivotal financial stronghold.”

“In response to this financial panorama, broking corporations are actively looking for avenues for diversification to boost their finance choices,” she mentioned. “Many brokers are increasing their companies, and significantly within the case of mortgage specialists, are actually utilising third-party referral companions to take action.

“These collaborations intention to satisfy broader shopper wants within the business and asset finance area, marking a strategic pivot to handle and capitalise on the evolving WA market. That is the place COG WA can actually assist our dealer members with our in depth community and our in-house referral preparations.”

What do you consider the rebrand? Remark beneath.