New venture launched to help brokers grow, acquire and expand

Momentum Broker Solutions has launched Momentum Equity Partners (MEP) with backing from investor AUB.

The firm has made the move as it looks to provide capital and support for its appointed representatives looking to grow, acquire or expand.

Capital can be used to fund acquisitions, fuel their next stage of growth or release an equity stake in their business. Support will also be given around succession planning.

Howard Pepper, managing director at Momentum Broker Solutions, said: “MEP’s sole purpose is to help our broker partners grow stronger businesses.

“Access to capital can often be the difference between standing still and moving forward.

”MEP provides that access, alongside the support and guidance needed to use it well. It gives our broker partners the means to act on opportunity and the confidence to do it with a partner they trust.”

Requirements

To qualify, broker partners will need a strong business plan and book of business. Applications will be supported through Momentum’s business relationship managers and reviewed by an internal Investment Appraisal Committee.

There is no fixed timeframe for eligibility, meaning new broker partners joining the Momentum network will also have access to MEP funding opportunities once established.

Mike Emmett, chief executive and managing director at AUB, said: “At AUB, we’re proud champions of the independent broker model.

”MEP brings that belief to life – delivering capital, capability and hands-on support that help brokers accelerate growth without giving up their independence.

”Today, the Momentum network brings together some of the industry’s top performers and we’re excited to empower them as they unlock new opportunities and build exceptional broking businesses.”