finance market

Viewing 7 posts - 1 through 7 (of 7 total)

specialone
Member
@specialone
Join Date: 2010
Post Count: 10
April 5, 2010 - 12:22 pm
Hello all
I have been considering making a move into the finance market and have options to become either a mortgage broker or a financial adviser.
Some of you on here have a vast amount experience in the finance market and it would be great to hear some of your views on which one which one would you go for and why.
Thanks
specialone
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
April 5, 2010 - 1:34 pm
You've missed the boom period for mortgage brokers. commission rates have been cut dramatically and clawbacks extended. It is not a very good time to be entering the market. New licencing system as well – but this should be good. I am getting out of the industry.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Jinal
Member
@jinal
Join Date: 2010
Post Count: 3
April 7, 2010 - 7:03 am
Financial markets have evolved significantly over several hundred years and are undergoing constant innovation to improve liquidity.Financial markets can be domestic or they can be international.
v8ghia
Member
@v8ghia
Join Date: 2005
Post Count: 871
April 7, 2010 - 2:10 pm
Terryw wrote:
. I am getting out of the industry.
What will you be doing out of interest Terry? After a brak I assume? All the best regardless. Cheers
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
April 7, 2010 - 10:38 pm
hi v8ghia
I will be moving into law – soon i hope. thanks
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Banker
Participant
@banker
Join Date: 2010
Post Count: 371
April 8, 2010 - 9:44 am
Re commission being reduced. Average loan amounts are now higher than 10 years ago. I had a look recently at some old files. In 2001 I made an average of approx 1600 per deal in upfront. I now make approx 2500 even with lower comm…
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
April 8, 2010 - 9:48 am
Yep, good point banker.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au