Headquartered in Victoria, Empower Wealth is a multi-faceted business encompassing mortgage broking, property advisory, financial planning and tax. With a team of 100 onshore staff and 30 offshore, the company’s stated mission is to create 10,000 financially free households.
Ben Kingsley, Empower Wealth’s Founder and Managing Director, highlights AFG’s reputation, market intelligence and executive insight as key factors in joining the Broker Investments program.
Kingsley says the business was already clear on its differentiation in the market as a holistic advisory practice focused on financial wellness.
“We didn’t need any additional financial injection, but it was more around crafting and taking advantage of what AFG could bring to the table. I think it gives our team and customers the additional confidence of having a publicly-listed company behind us.”
– Ben Kingsley, Empower Wealth
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Kingsley also points to the input of Mark Hewitt on their board, who “brings a wealth of rich knowledge and expertise across meetings.” He notes that AFG’s investment helps Empower Wealth stay on the front foot amid increasing industry consolidation. “We wanted to be on the right side of the ledger in terms of potentially acquiring some smaller businesses and plug them into what we’re doing,” he adds.
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