Ex-Time Home Loans director partners with AFG
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The aggregator has partnered with former Time Home Loans director Ruan Burger under his new business venture, Success & Broker.
Australian Finance Group (AFG) has announced that it has entered into an arrangement with Ruan Burger to work alongside its network of brokers and staff in Queensland in a contracted role.
AFG has formed the partnership with Mr Burger’s new business venture called Success & Broker, which Mr Burger said would be launched in the next few months.
The partnership is designed for Mr Burger to assist AFG’s Queensland brokers and staff with business structures, recruitment strategies, referral relationships, succession planning and growth opportunities, according to AFG.
Time Home Loans changes hands
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The brokerage has been acquired by broker and Cliff & Moss founder Johnathon Reeves, as it ramps up to expand into commercial and business finance.
Brisbane-based brokerage Time Home Loans (Time) has welcomed a new owner after its founder and director, Ruan Burger, sold the company to Cliff & Moss owner and broker Johnathon Reeves.
The sum of the acquisition for the company – whose loan book sat at just over $1 billion as at the end of January 2021 – has not been disclosed.
Mr Burger, who set up the company in 2013 and built it into one of Australia’s leading brokerages (ranking 21st in The Adviser’s Top 25 Brokerages ranking 2021), told The Adviser that he made the decision to sell the company in order to spend more time with his family.