All Topics / Help Needed! / Rebates on Investment Products

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  • Profile photo of Alistair PerryAlistair Perry
    Participant
    @aperry
    Join Date: 2004
    Post Count: 891

    Hi All,

    I have posted this up previously in the Heads Up! Forum, but there is not much traffic there. I am really interested to hear the thoughts of forum members on the merits of non advice investment services such as:

    http://www.rebatefinance.com.au
    http://www.investsmart.com.au
    http://www.20/20directinvest.com.au

    There have been frequent and robust debates on the merits of rebate services in mortgage broking, what are peoples opinions of this business model in the investment product industry?

    Profile photo of C2C2
    Participant
    @c2
    Join Date: 2002
    Post Count: 518

    If everything is declared up front then maybe okay.

    Profile photo of pyramidpyramid
    Participant
    @pyramid
    Join Date: 2005
    Post Count: 64

    Rebates on mortgages is certainly "news" to me. What amountof rebates are we talking about? How much?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Many non structured brokers offer say 0.25% rebate off their upfront.

    Usually you have to sign to say that you will repay this in the event that the commission is clawed back in the first 18 months.

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me

    0-40 Properties in a decade with an unencumbered value of over $35M. Email for a copy of my API article

    Profile photo of Alistair PerryAlistair Perry
    Participant
    @aperry
    Join Date: 2004
    Post Count: 891

    Hi All,

    I wasn't referring to mortgage brokers who rebate, that topic has been done to death. The reason for th post is that there were a lot of differing opinions on the merits of using a mortgage broker who rebates and I was wondering what peoples thoughts were as to the various non advice financial services firms that seem to be becoming prominant. Are people comfortable making their own investment decisions on shares, managed funds etc?

    Regards
    Alistair

Viewing 5 posts - 1 through 5 (of 5 total)

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