Platform Finance WA turns into COG Aggregation WA

WA dealer providers enterprise Platform Finance WA has rebranded to turn into 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 have now constructed this fully-fledged aggregator to assist WA brokers, by offering a full suite of merchandise and the very best 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 providers underneath the COG Aggregation and Platform Finance manufacturers. This alteration 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 offer all sorts of finance to brokers – each inside and out of doors our member base,” she mentioned.

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

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

“Our devoted WA workforce 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 completely obtainable 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 supply to brokers?

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

By way of her new position, White-Dunn mentioned she would convey an “means to construct and preserve 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 specific 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 a wide range 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 providers aimed toward diversifying earnings streams.

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

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

Highlight on WA panorama and developments

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 charge than 2023,” she mentioned. “We anticipate demand to sluggish given the upper value of dwelling strain and better rates of interest.”

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

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

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

What do you concentrate on the rebrand? Remark beneath.