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Brokers lax in planning succession

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Australian Broker | 07 Nov 2011, 05:00 AM Agree 0
Mortgage broking businesses need to work harder to understand how they wish to exit their businesses when the time comes, according to a financial services consulting expert
  • Broker | 07 Nov 2011, 01:23 PM Agree 0
    With such uncertainty and ever increasing costs in this industry, planning beyond next month is a big ask!

    Nobody in their right mind would enter this industry today, and we have not arrived here by default. I believe that this a carefully orchestrated plan by the majors to reduce their reliance on brokers and as fast as possible.

    Wouldn’t it be nice if a major or two just came out and said “We love brokers, and we know it’s more cost effective for the bank to outsource to brokers and that broker commissions will not be changing for X amount of time.

    Now that would give me a real foundation for a succession plan!
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