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Broker franchisees lining up for financial planning diversification

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Australian Broker | 10 Oct 2013, 07:00 AM Agree 0
A major broking group says a quarter of its franchisees have, or plan to, diversify into financial planning
  • Eyesbrows raised | 10 Oct 2013, 11:35 AM Agree 0
    I am amazed that with the level of complaince and specialisation required within any single profession, people think that they can be masters in several.
  • Clarification | 10 Oct 2013, 02:32 PM Agree 0
    Mortgage Choice's new financial planning business allows brokers and planners to remain as specialists in their chosen field. Under the business model, planners are brought on to work in partnership with the mortgage broker and vice versa.
  • cynical | 10 Oct 2013, 03:33 PM Agree 0
    sounds like the McDonalds of Mortgage Broking & Financial Planning....
  • Phillip Dibben | 10 Oct 2013, 08:57 PM Agree 0
    I can recommend wearing the two hats. Just be aware that once you hold your Financial Planning licence you will also need to complete a Financial Planning Statement of Advice for each credit contract you recommend as a Credit Adviser. This is a great outcome for clients with greater focus on wholistic advice. It significantly adds to the work load in putting together a commercial, home or equipment finance deal.
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