Profile
"West Oak’s success has come from always putting our clients’ best interests first and always finding ways to improve and add more value to them"
Andrew mcquiston,
west oak family office, wellington-altus private wealth
Brock Shute is looking forward to an exciting future, having recently made the leap to independence
by establishing a new financial advice firm in the Hutt Valley, The Mortgage Advice Company, with two like-minded colleagues.
“We are looking to grow our offering in a number of ways to be one of the premier brokerages in the country,” he says.
Shute says now is the ideal time to set up a new broking venture. There have been a number of regulatory changes over the last year that are giving consumers more certainty going forward.
“Regulation has tidied up the industry, which has opened consumers’ minds to have confidence in the broker market, along with the fact consumers now seek professional advice in light of these regulations.”
One of the major changes has been the modifications made in December to the Credit Contracts and Consumer Finance Act. Designed to protect vulnerable people from taking on debt they can’t service, these introduced a level of scrutiny for loan applications that turned out to be higher than many expected. The regulations were tweaked again in July to try to ease some overly zealous checking of spending patterns. Shute says that while it is challenging, being able to navigate these changes for clients helps separate good brokers from the “not so good” ones.
“Having the knowledge to come up with solutions in that environment is paramount, which is something that we at The Mortgage Advice Company pride ourselves on.”
The changes have cleaned up public perceptions around broking and prompted a range of self-regulatory initiatives around lending at many banks as they try to stay ahead of the curve on any future oversight measures. This coincides with the higher interest rate environment to create a dynamic quite different from that seen with the easy money that was available in 2020 and 2021.
Interest rates began their ascent in October last year, which caused stress for some borrowers not used to dealing with them.
“[It was] the first time in a long time that a lot of mortgage holders have seen their rates go up,” Shute says.
Shute is battening down the hatches for his customers, with inflation expected to be persistent over the next few years and rates to rise to higher levels to combat that.
“Inflation will start to bite in the next six months as consumer buying power diminishes,” he says.
Shute has a long history in financial services, having started out at ANZ as a business manager nearly
10 years ago. He then moved into broking at Loan Market, where he quickly established himself as a
top-performing broker. The NZ Adviser Top Adviser gets a particular satisfaction from helping people who think they have exhausted their options or who have been told elsewhere that it will not be possible to get a loan.
“I enjoy hearing their voice when I tell them their finance is approved.”
He says he lives by the notion that his clients are with him for life, and his remit is to ensure they receive the right advice until they are debt free.
Shute proudly resides in the Hutt Valley with his family, including “a small zoo of animals”, he says. He is always on call for his clients but when not in the office can normally be found on a sports field in Wellington or getting involved in his kids’ sporting activities.
2/122 Queens Drive, Hutt Central, Lower Hutt
027 222 4004
brock@mortgageadvicecompany.co.nz
www.linkedin.com/in/brock-shute-037b4639
www.mortgageadvicecompany.nz
Brock Shute
Mortgage Adviser
The Mortgage Advice Company
Read on
Special Report
Home
Bio
Milestones
Profile
Milestones
2020–present
Insurance Business Magazine | Key Media
Deputy Principal at Australian Christian College - Southlands
Doctor of Education
2020–present
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
2021
Ted Talk in collaboration with key media
Year 7 Community Leader and Leader for Learning Technologies and Platforms at Northern Beaches Christian School
Master of Business Administration, 2017–2019
2021
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
2013
Ted Talk in collaboration with key media
Master of Education (Curriculum and Pedagogy)
2013
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
Ted Talk in collaboration with key media
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
2007–2014
2014–2018
2018–present
2021
2021
Brock Shute
Mortgage Adviser
The Mortgage Advice Company
Read on
Special Report
Home
Bio
Milestones
Profile
Milestones
Insurance Business Magazine | Key Media
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
Ted Talk in collaboration with key media
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
Ted Talk in collaboration with key media
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
Ted Talk in collaboration with key media
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
Ted Talk in collaboration with key media
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
2007–2014
2014–2018
2018–present
2021
2021
Brock Shute
Mortgage Adviser
The Mortgage Advice Company
Read on
Special Report
Home
Bio
Milestones
2021
2021
2018–present
2014–2018
2007–2014
2021
Insurance Business Magazine | Key Media
Launched his own business, Ascend Financial Services
2021
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
2021
Human Resources Magazine | key media
Listed among NZ Adviser Young Guns of the year
2021
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
2018–present
Human Resources Magazine | key media
Mortgage adviser
2018–present
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
2014–2018
Human Resources Magazine | key media
Senior business manager (ANZ)
2014–2018
2009–2011
2007–2014
human resources | key media
Equities dealer, vice president (Jarden)
2007–2014
Lorem ipsum dolor sit amet, consectetur adipiscing elit. A volutpat laoreet suscipit duis. Diam aliquam sed ut massa viverra a, eget libero.
Milestones