Name change for finance company

An Ettalong finance company has changed its name and formed an alliance to "channel funds" to charities.

Tru Blue has changed its name to Broken Bay Lendinq Solutions.

Proprietor Mr Peter Rogers said the company had formed an alliance with Myshare Home Loans, an umbrella group set up to channel funds to a number of different charitable organisations.

"Our focus will be to support Care Australia through the Myshare Group," Mr Rogers said.

"For every loan that is written by Broken Bay Lending Solutions, a percentage of all commissions earned will go to help someone in need.

"A minimum of 10 per cent of all trail commission will go to Care Australia, giving an ongoing revenue stream to them for the life of the loan.

"This arrangement will not affect the interest rate or fees charged on any of the loans taken out by our clients.

"We will continue to strive to find the most appropriate loan to suit our client's needs."

Mr Rogers said that about 95 per cent of all money raised by Care Australia went directly to the needy and only five per cent was used in administration.

Mr Rogers said the company had also formed an ongoing working relationship with Naomi Sweetman of Platinum Wealth Financial Solutions Pty Ltd.

"Naomi offers a full range of financial advice and services and Naomi also is directing a percentage of her income to charity," Mr Rogers said.

"Some of the advice that Naomi may be able to help you with is wealth creation, financial planning, superannuation, pre retirement planning, self managed super funds, managed funds, margin lending, shares, business expenses insurance, total and permanent disablement insurance, trauma insurance, life insurance and income protection insurance.

"Platinum Wealth Financial Solutions and Broken Bay Lending Solutions have many synergies and together we offer our clients a comprehensive range of financial services,

"We will remain a member of Plan Australia (Professional Lenders Association Network) of Australia and a member of the MIAA (Mortgage Industry Association of Australia)."

Press release, May 17 Peter Rogers, Broken Bay Lending Solutions