AFG dips into outsource Financial network for latest brokerage investment

Mortgage aggregator AFG has acquired a 28% stake in Sydney-based brokerage Loan Path Finance, marking the first equity investment beyond AFG’s existing broker network.

It marks a significant turning point for ASX-listed AFG, which has acquired a number of brokerages under its Broker Investments program in recent months. In January, the group declared minority stakes in Melbourne-based Empower Wealth Group and Perth’s Lifespan Mortgage Services.

However, this is the first time AFG has pursued an acquisition outside of its existing broker network.

As part of the deal, LPF will now aggregate through AFG. MPA received confirmation that LPF’s previous aggregator was outsource Financial.

Welcoming LPF to the group, AFG chief executive David Bailey (pictured) said: “This program is designed to empower the next generation of broker-led growth by offering strategic capital – without compromising independence or brand identity. It helps brokers unlock opportunities for scaling, succession planning, or structural transformation.”

“This partnership represents a pivotal moment for Loan Path Finance,” said LPF managing director Mina Gergis. “Our vision has always been to deliver tailored, high-impact lending solutions with a premium service experience.

“AFG’s investment allows us to deepen that mission and scale with strength – while maintaining the independence and culture that define us.”

Gergis was ranked 32nd in MPA’s 100 Best Mortgage Brokers in Australia in 2024.