AFA signs deal with BOQ Specialist

In a statement issued today, BOQ Specialist said the partnership will provide members of the AFA a “bespoke personal banking solution” and discounts for professional development courses through Kaplan.

“Financial advisers are a unique group of professionals with a distinct set of banking requirements,” BOQ Specialist head of banking Christian Goodall said.

“Partnering with the AFA enables us to constantly engage with the profession and work with its members to ensure we can produce the best personal banking offering to suit their needs.”

BOQ Specialists added that by understanding the professionals that the group works with, it is able to offer a personal banking proposition based on professional designation or association membership rather than net worth.

“For [advisers] this means access to a holistic banking package, which includes, for an annual fee, a competitive variable or fixed home loan with the ability to borrow over 80 per cent LVR without paying lende'rs mortgage insurance,” the statement said.

“[It also includes] an optional 100 per cent offset account on variable home loans, coupled with an everyday transaction account - the BOQ Specialist One Account,” it said.

Commenting on the new partnership, AFA chief executive Brad Fox said the association is “very pleased” to formalise its working relationship with BOQ Specialist.

“It is exciting to have a banking partner that will support advisers to reach their potential by truly understanding and supporting our members over the long term,” he said.