Aggregator cracks $3 billion milestone

by Maya Breen28 Jan 2015
A major aggregator has cracked $3 billion in monthly settlements.

Connective’s member brokers have achieved their highest month of settlements, totalling $3.14 billion and up 36 per cent from December 2013.

Connective CEO Glenn Lees says the group is very proud of reaching a new record but credits the success to their members and the great service provided to their clients.

“2014 was a really strong year for our members. This achievement is testament to their dedication and hard work, and is a reminder of the opportunities which exist despite competitive market conditions,” Mr Lees said.

Mr Lees contributes the high settlement figures to Connective’s increase in membership numbers combined with fine tuning the productivity of their existing membership and meeting their clients needs.

“Our members are also successfully diversifying their offer across multiple platforms, with our auto and asset financing platform, Connective Plant & Equipment, experiencing a significant 122% growth last year,” Mr Lees said.

“No small part of this success is due to the ongoing support we as group, and our members, receive from our lender partners.”

COMMENTS

  • by Andrew Edwards 28/01/2015 9:05:20 AM

    I am really enjoying the Connective experience!

    The Mercury platform is easy to navigate and if I ever do have a problem their IT Help Desk is lightning fast to respond.

    The fact we pay a flat fee each month is attractive financially and I wouldn't dream of looking at other aggregators.

    Well done Connective on getting it so right!

  • by Dave Robinson 28/01/2015 12:14:17 PM

    Well that makes 1! Get what you pay for, what I kept from the flat fee structure I lost in the poor admin of the commission area, about $9875 for 2014.

  • by Macarthur Broker 28/01/2015 2:24:26 PM

    Sorry Dave, I'm pretty happy with Connective too. Rarely any issues with commissions and reliable systems and software make then pretty easy to deal with.