Money Quest Group Acquires Southern Cross Broker Network

National mortgage broking organisation, Money Quest Group (MQG), has purchased sub-aggregation business, Southern Cross Broker Network (SCBN), to further strengthen the group’s position in the aggregation sector and assist SCBN brokers with building even stronger businesses.  

The transaction was finalised on Tuesday October 31, marking the group’s fifth acquisition to date.  

Founded in 2002, SCBN is a leading aggregation network for professional finance brokers with 48 brokers presently active. 

MQG’s Managing Director, Michael Russell, shared his excitement regarding the acquisition. 

“We are delighted to welcome another cohort of quality brokers to MQG. We look forward to building on the strong foundations that have been laid over the last 20 years, and helping our newest brokers to become even more successful,” Mr. Russell said. 

“We pride ourselves on providing high-touch support and an exceptional professional development curriculum. We look forward to showcasing this to the SCBN network.” 

Mr. Russell also reinforced Money Quest Group’s appetite for further acquisitions. 

“As we grow, we will continue to sharpen our operational efficiencies and value proposition, to ensure we are delivering outstanding service to our brokers, whilst positioning ourselves to make further quality acquisitions,” Mr. Russell said. 

MQG offers brokers the choice of operating a MoneyQuest franchise, or trading under their own brand via the group’s aggregation business.