Independent broker network Momentum Broker Solutions has launched Momentum Equity Partners, which is a joint venture with AUB Group. Momentum Equity Partners will provide capital and support to the network’s appointed representatives and assist them to expand organically and/or through acquisition.

Howard Pepper, managing director of Momentum Broker Solutions, said: “Momentum Equity Partners’ sole purpose is to help our broker partners grow stronger businesses.

“Access to capital can often be the difference between standing still and moving forward. MEP provides that access, alongside the support and guidance needed to use it well.”

Mike Emmett, CEO and managing director of AUB Group, added: “At AUB Group, we’re proud champions of the independent broker model. Momentum Equity Partners brings that belief to life – delivering capital, capability and hands-on support that help brokers accelerate growth without giving up their independence.”

The funding and support options available include starting loans, working capital loans, recruitment financing, acquisition funding, equity investment and succession planning.

Momentum Broker Solutions was established in 2010 and has more than 100 appointed representatives.