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Brokers can do it: Surviving the GFC

by James Mitchell5 minute read

Funding woes, commission cuts, lenders leaving the market and the demise of mortgage managers. The Adviser’s James Mitchell explores how the GFC shaped the third-party channel.

The full impact of the GFC on the consumer psyche is difficult to comprehend from this sunny corner of the world. In the US and UK, the financial crisis was truly felt. Unemployment soared. Banks collapsed. People lost their homes. As the world slowly came to understand what the hell had happened, thanks in part to documentaries like Inside Job and Michael Lewis’s The Big Short, consumers were left with a deep resentment towards major financial institutions.

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Brokers can do it: Surviving the GFC
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James Mitchell

James Mitchell

AUTHOR

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

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