Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Advantedge launches buy/sell program

Staff Reporter 4 minute read

Jessica Darnbrough

To help brokers realise the full value of their loan and insurance book, Advantedge has launched a buy/sell program.

Under the program, brokers that aggregate via PLAN Australia, Choice Aggregation Services and FAST will have a dedicated channel to value, identify potential sales targets and sell their loan book to brokers that operate under the same aggregator.

Mortgage managers funded by Advantedge can also capitalise on the new program through the sale of their book to Advantedge.

Advertisement
Advertisement

Advantedge general manager of broker platforms Steve Weston said the launch of the buy/sell program aligns with the introduction of NCCP legislation and offers brokers seeking opportunities outside of the industry to monetise their book and be rewarded for the effort in building it.

“While a major industry milestone and broadly welcomed, NCCP legislation has fundamentally altered the face of our industry and this has forced many brokers to assess their business and whether or not it’s sustainable under the new regime,” he said.

“Some brokers may seek to make a career change or look for opportunities elsewhere; our buy/sell program can facilitate a smooth transition of a broker’s loan book to another group – allowing those brokers focused on building their mortgage business to grow via acquisition.”

Mr Weston said the program would not only help brokers that are looking to leave the industry, but brokers that looking to grow their book.

“Brokers will have to invest little of their own time and there is none of the usual expenses associated with finding a seller or buyer, conducting negotiations and flip flopping on deals, and no costs for legal documentation. Advantedge charges a low, single fee on settlement. It’s straightforward and significantly reduces the risk associated with doing it yourself.”

PROMOTED CONTENT


Brokers receive 100 per cent of the determined sale price on settlement.

Advantedge launches buy/sell program
default
TheAdviser logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day

default

 

more from the adviser
damian zaleski RYyr k3Ysqg unsplash

Breaking News

GetCapital launches broker platform

The business lender has rolled out a new broker platform, as it h...

fixed rate

Breaking News

Loyalty tax issue flagged to MPs

Brokers are key to holding lenders to account to ensure borrowers...

trade deal contract

Breaking News

Connective launches trail book marketplace

The aggregation group has announced a new arrangement with a spec...