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In the News

Bank of mum and dad lenders

THERE'S a new bank in town and it's growing rapidly – the Bank of Mum and Dad.

Young home-buyers are increasingly turning to family for help with financing their first home. RateCity spokeswoman Laine Lister says almost a third of first-home buyers receive some financial help from family, but there are risks on both sides of the arrangement.
 

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Glenn Fairbairn
Director/Private Client Adviser
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In the News

Ties that bind

Love and money don't always mix, writes Karina Barrymore

THERE'S a new bank in town and it's growing rapidly – the Bank of Mum and Dad.

Young home buyers are increasingly turning to family for help with their finances, particularly a first home purchase.

However, the experts warn it's not all smooth sailing when parents lend money to their children.

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Glenn Fairbairn
Director/Private Client Adviser

Blog

Investing for children

As advisers we are often asked by our clients how they can best help their children or grandchildren along the road to financial security.  Often these children are very young, which brings some added complexity.

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Chris Morcom
Director/Private Client Adviser

In the News

Financial Observer" Restrictive APLs to drive adviser exits..."

The Future of Financial Advice reforms emphasis on “best interest duty” combined with major restrictions on approved product lists (APLs) will see a move back to independently aligned dealer groups, according to industry executives. 

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John Hewison
Managing Director