Yellow Brick Road says life insurance premium grew 44% to $9.8 million in the six months to December 31.

The group’s number of life polices at December 31 was 1007, up from 997 a year earlier.

Yellow Brick Road says it has pushed to integrate simple financial services advice into its lending business.

It is also training its Vow mortgage broker network to offer simple advice.

The number of authorised representatives giving personal advice grew 4% year-on-year to 121 at December 31, but this was a drop of six from the June 30 figure.  

The number of authorised advisers giving general advice increased 319% to 155 at December 31.

Adviser income for the six months to December 31 was up 80% to $276,000.

Yellow Brick Road has restructured its management team, with Matt Lawler moving from CEO of the entire business to lead the wealth operation, including advice, product innovation licensing and strategic sourcing.