AndCo Mortgages

What AndCo Mortgages does

AndCo Mortgages Limited is a privately held New Zealand financial advisory firm, founded in 2021 and headquartered in Papamoa Beach. The company operates as a mortgage broker and financial adviser, licensed by the Financial Markets Authority (FMA) and bound by the Privacy Act 2020 and Financial Markets Conduct Act 2013. It originates and advises on residential mortgages through major banks and second-tier lenders, KiwiSaver across four providers (Funds Administration NZ, ANZ Investments, Booster, Nikko Asset Management), personal insurance (term life, trauma, income protection, health), and investment/retirement products via Synergy, Select Wealth Management, and Nikko.

Service delivery is face-to-face and relationship-based, with no self-service or online application platform; clients are acquired primarily through referrals, content marketing (an active blog with 46 posts and economic commentary from independent economist Tony Alexander), and in-person First Home Buyer seminars held in Whakatane and Wellington. The firm also maintains a long-standing co-marketing channel with YouOwn (shared ownership scheme) since 2016.

Revenue is commission-based, not fee-based, drawing on (i) lender commissions as a percentage of originated mortgage value, (ii) insurance commissions as a percentage of premium, and (iii) KiwiSaver trails of up to 0.50% of funds under management (and a 0.25% p.a. Nikko-specific fee). Customer segments span first home buyers (primary), property investors, self-employed individuals, home builders (construction lending), and refinancing clients. No proprietary technology platform, funding history, parent company, or headcount data is disclosed.

Name

AndCo Mortgages

Legal name

AndCo Mortgages Limited

Website

https://andcomortgages.nz

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

AndCo Mortgages Limited is a privately held, FMA-licensed New Zealand financial advisory firm (founded 2021, Papamoa Beach) that delivers face-to-face mortgage broking, KiwiSaver, insurance, and investment advice to consumers, primarily first home buyers, on a commission-based revenue model.

Ownership category

akta.pro rank

Product category

Mortgage Broking and Financial Advisory

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Mortgage and Nonmortgage Loan Brokers (52231), Insurance Agencies and Brokerages (52421)

SIC

Loan Brokers (6163), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Wholesale Mortgage Lending (Broker Channel) (FSALACAA)

akta.pro secondary industries

Mortgage & Loan Introducers (Residential & Commercial) (FSAEAMAA), Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM)

Keywords

• Mortgage broking
• Financial advisory
• KiwiSaver advice
• Personal insurance
• Investment planning

Headquarters

HQ city

Porirua

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Mortgage Commission: The company and its financial advisers receive commissions from mortgage providers (banks and second tier lending companies) based on the amount of the mortgage. This is a standard trail commission model common in mortgage broking.
2. Insurance Commission: Commissions received from insurance providers (term life, trauma, income protection and health insurance) based on the premium amount. This is a percentage-of-premium commission structure.
3. KiwiSaver Commission: Commission paid monthly in arrears depending on funds under management, up to 0.50%. A sign-on commission of up to $50 is also received for administration costs. If Nikko Asset Management is used as the KiwiSaver provider, a fee of 0.25% per annum of funds under management is charged monthly in arrears.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

AndCo Mortgages is a New Zealand financial advisory firm that arranges home loans through major banks and second tier lenders, and provides KiwiSaver, investment/retirement and personal insurance advice. Services are delivered by licensed financial advisers on a face-to-face basis across New Zealand. The firm is licensed by the Financial Markets Authority (FMA) to provide financial advice and is remunerated through commissions paid by product providers.

Product overview

AndCo Mortgages is a financial advisory firm offering a comprehensive suite of mortgage and investment services. The core offerings include home mortgages through major banks and second-tier lenders, KiwiSaver advisory across four providers, investment and retirement planning with access to the All Weather Portfolio, and personal insurance products. The company also provides specialized services for first home buyers (including shared ownership options), investment property purchasers, self-employed individuals (including low doc loans), and those seeking construction financing. Services are delivered through licensed financial advisers who provide personalized guidance on loan structures, refinancing, and wealth-building strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• Mortgages (Home Lending) Home lending services placed through major banks and second-tier lenders, with structured options including fixed rate, variable rate, split lending and offset home loans. For individuals and households seeking residential mortgage finance.
• KiwiSaver Advisory Personalised KiwiSaver advice across four approved providers (Funds Administration NZ, ANZ Investments, Booster Investment Management, Nikko Asset Management). For individuals seeking retirement savings guidance, including first-home withdrawal strategies.
• Investment and Retirement Planning Investment advisory using Synergy Investment Programme, Select Wealth Management and Nikko Asset Management, including access to the All Weather Portfolio strategy. For individuals seeking long-term wealth-building and retirement planning.
• Personal Insurances Advisory on term life, trauma, income protection and health insurance products through major New Zealand insurers. For individuals seeking personal risk protection.
• Investment Property Services Advisory for purchasing investment properties, including lending structure, entity setup and equity-leverage guidance. For individuals acquiring residential investment property.
• Construction Loans Specialist financing advice for new home builds, covering Turn Key, Fixed Price and Labour Only construction contracts, plus relocatable houses and progress payment schedules. For owner-builders and new-build purchasers.
• Self-Employed Mortgage Services Home loan advisory for self-employed borrowers, including low doc loan options for those without two years of accountant-prepared financials. For business owners and self-employed individuals.
• First Home Buyer Services Advisory for first home buyers, including the Kainga Ora 5% deposit scheme, YouOwn shared ownership and KiwiSaver first-home withdrawal strategies. For individuals entering the property market for the first time.
• Refinancing Services Refinancing advisory to review existing mortgage structure, reduce interest costs and access better rates or lender cash incentives. For existing mortgage holders.

Quantifiable outcome

• Example: $500,000 home loan at 6% fixed at $692/week pays off in 30 years with $578,452 total interest. Reducing rate to 5% while maintaining payments saves $224,044 in interest and pays off 5 years faster.

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• YouOwncoreChannel Partner/ Reseller/ Distributor · 1 January 2016YouOwn is a shared ownership scheme operator that assists first home buyers in New Zealand to get onto the property ladder. AndCo Mortgages partners with YouOwn to help clients access shared ownership options, with the company having assisted clients through this partnership since 2016. The partnership helps clients with deposits as little as 5% to purchase property through co-ownership.
• Tony Alexander (Independent Economist)minorStrategic or Co-development PartnerTony Alexander is an Independent Economist who provides monthly economic commentary for AndCo Mortgages' blog and client communications. His analysis covers interest rates, property markets, and economic trends affecting mortgage and investment decisions.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Mike Pero Mortgages: One of New Zealand's largest independent mortgage broker networks with a multi-office retail presence. Directly comparable to AndCo as a commission-based broker arranging home loans with multiple lenders for NZ consumers.
• Squirrel Mortgages: NZ-focused mortgage broker that also offers financial advice and a digital application experience. Competes for the same first-home-buyer and refinancing customers as AndCo, but with a more technology-led GTM motion.
• NZ Home Loans: NZ mortgage broker and financial advisory franchise with adviser-led service across the country. Comparable to AndCo in offering holistic mortgage, insurance, and investment advice through licensed advisers.
• Mortgage Choice New Zealand: NZ mortgage broker franchise (part of the broader Mortgage Choice group) serving first home buyers and refinancers. Directly competes with AndCo on residential mortgage brokerage, though typically with a more franchise-driven operating model.
• Loan Market New Zealand: Franchise mortgage broker network operating across New Zealand. Directly comparable broker-channel competitor with access to multiple lenders, targeting the same residential mortgage customers as AndCo.

Broad incumbents

• Forsyth Barr: Large NZ full-service investment advisory and stockbroking firm with KiwiSaver and wealth management offerings. Overlaps with AndCo on the KiwiSaver and investment advisory side, serving similar end-clients with a much broader product set.
• Craigs Investment Partners: Established NZ wealth management and investment advisory firm offering KiwiSaver, investment, and broader financial planning. Comparable to AndCo's investment and KiwiSaver advisory lines, but at materially larger scale and with a wider service portfolio.

Others

• Booster Investment Management: One of AndCo's listed KiwiSaver product partners and a major NZ KiwiSaver provider. Relevant as an upstream product partner rather than a competitor; comparable through shared KiwiSaver distribution ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/kpmg_lowergulf

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AndCo Mortgages