Wealth management firm Yellow Brick Road Holdings said its business is booming in Western Australia, with six additional branches emerging since the opening of its first Perth office three years ago.
With branches in Leederville, Applecross, Mandurah, Mirrabooka, Osborne Park, Port Hedland and Stirling, wealth manager Damian James said revenue and new submissions increased fourfold over the past few months alone.
“The new branches wanted to offer a more holistic service and now have the support of our national network to provide customers big picture financial planning, home loans and accounting services,” Mr James said.
However, he said it’s been challenging to find qualified mortgage brokers who can fill management roles when demand for quality financial advice is at such a high level.
“Yellow Brick Road is built on a solid mission to assist people in planning for their future and provide a wide range of services, products and expert advice.
“Experienced brokers that have this type of vision should look at the growing opportunities in WA.”
Mr James, who joined Yellow Brick Road three years ago, said the brand is still at an establishment level in the WA market but word-of-mouth is starting to spread.
“With the increasing demand there are some fantastic opportunities for high quality wealth managers who want to be able to offer clients the complete package to take their careers to the next level,” he said.
