Expansion of North Shore mortgage business

While adviceHQ will absorb much of Money Planners business, founder Miles Flower will continue to own and operate the investment management side of the company.

adviceHQ founder David Green says his firm has the capacity and support team to take on the new business without having to hire another adviser.

Money Planners decision to sell part of its business came about through a family friendship between advicehq adviser Ben Presling and Flower. “Over the years they realised they share the same philosophy – putting clients first and giving clear advice,” Green says.

“Because of the relationship, buying the business has always been in the pipeline. It was just a matter of timing, when Miles wanted to wind part of his business down so he could focus more on family and the other side of his firm.”