Float Financial

Dealing with banks and insurance companies isn’t the easiest thing, and most people don’t need that admin in their lives. The team at Float Financial Advisers work with our clients to help them get the win.

http://www.floatmortgages.co.nz/

11-50 employees

Growth Trajectory

Float demonstrates growth potential through its expansion into various financial services, including insurance and KiwiSaver, and its focus on serving diverse customer segments like business owners and property investors. The company's emphasis on building long-term partnerships and providing ongoing support suggests a strategy for sustainable growth, and also hiring patterns which also points to growth.

Technical Challenges

Integrating with various banks and second-tier lenders.

Streamlining mortgage application process.

Tech Stack

Calculators (borrowing capacity, repayment estimations)Online Float profile

Team Size

Key Risks

Increased competition from commission-based mortgage brokers who may prioritize lender incentives over client needs.

Challenges in navigating and complying with the evolving regulatory landscape of the financial advice sector in New Zealand.

Potential for economic downturns or changes in lending policies to impact demand for mortgage and financial advisory services.

Risk of mortgage and insurance commission claw backs.

Dependence on third-party lenders and insurance providers may limit flexibility and control over product offerings.

Opportunities

Expanding services to address underserved segments, such as self-employed individuals and those with credit challenges.

Leveraging technology to further streamline the mortgage application process and enhance customer experience through online tools.

Strengthening partnerships with real estate agents, solicitors, and accountants to expand referral networks and reach new clients.

Developing specialized financial planning services for property investors, including strategies for leveraging equity and optimizing cash flow.

Further expanding the range of financial advisory and insurance services.

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