Get notifications in real-time for staying up to date with content that matters to you.
Brokers can now facilitate client requests for term deposits through a new cash management solution rolled out by NAB Broker today.
Fulfillment of the deposit transaction will be managed by NAB’s deposit staff but according to NAB Broker’s head of broker sales John Flavell, the client relationship remains firmly with the broker.
“We want to give brokers the opportunity to provide a full suite of financial solutions and services to their client.
“Our business model is in many ways very different from those of our competitors – we encourage brokers to own the client relationship. We are trying to position the broker as the person the client goes to for all their financial requirements,” he said.
NAB will pay a commission of up to 15 basis points on all term deposits.
Major bank overhauls assessment process
A big four bank has bolstered its assessment team and will priori...
Industry reacts to cash rate decision
The Reserve Bank of Australia has announced its decision to leave...
Ignorance of extended asset write-off a boon for brokers
More than a third of SMEs are unaware of the extended instant ass...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
