BRINGING TOGETHER THE BEST OF BOTH WORLDS: MONEYQUEST ACQUIRES BUYERS CHOICE

By Ellen Mathews
In Media

National mortgage broking franchise, MoneyQuest, is pleased to announce that it has acquired the business of industry-leading boutique sub aggregator, Buyers Choice.

MoneyQuest Managing Director Michael Russell shared his excitement regarding the acquisition, stating that he and the Buyers Choice team have big plans for the combined businesses.

“Mick McClure, Brett Mansfield, and the entire Buyers Choice team have done a brilliant job over the past 20 years and have every right to feel very proud of the business they have developed. We look forward to building on the strong foundations that they have laid to ensure that Buyers Choice, alongside our MoneyQuest franchise, continues to grow and empower brokers wanting to build successful businesses,” Mr. Russell said.

Buyers Choice currently settles in excess of $250 million per month and is poised for significant growth in 2022. Recently retired Buyers Choice Founder and Chairman, Mick McClure, commented that whilst he will miss working with the brokers and staff at Buyers Choice, he takes great comfort in knowing that the business has been purchased by a reputable organisation with a highly experienced leadership team.

“It’s been extremely satisfying helping so many wonderful mortgage brokers achieve their dreams of self-employment, through partnering with Buyers Choice. We regard it as a family, and we all care for each other and assist one another at every opportunity. Now officially retired, I will miss the wonderful people I have worked with at Buyers Choice, but leave knowing that the business is in great hands for the future,” Mr. McClure said.

Mr. McClure was also pleased that current Buyers Choice CEO, Brett Mansfield, together with all Buyers Choice staff, would be retained as part of the sale.

“Brett is an outstanding CEO and I know that Michael Russell was very keen to retain him as CEO of what will be a much bigger Buyers Choice business,” Mr. McClure said.

Mr. Mansfield is optimistic about the future of the business and is looking forward to joining forces with MoneyQuest.

“In making the decision to sell the business, the directors wanted to make sure the interests of our brokers and their clients would always be well served, and I am now confident that they will be. I am delighted to now be working alongside someone of Michael Russell’s calibre, whose industry experience and passion is second to none. We share identical values and our businesses enjoy a like-minded culture. I am thrilled with the strategic vision we have mapped out and am looking forward to leveraging our combined resources to further enhance our broker proposition,” Mr. Mansfield said.

Mr. Russell echoed Mr. Mansfield’s positive sentiments.

“Both MoneyQuest and Buyers Choice have high credibility. We are looking forward to sharing best practices to further sharpen the operational efficiencies and value propositions of both businesses, to attract more high-quality brokers aspiring to own thriving mortgage broking businesses,” Mr. Russell said.

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