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Sydney firm continues making big-dollar donations

by Nick Bendel9 minute read
The Adviser

Prominent brokerage 1st Street Home Loans has chosen 12 different charities to share in its profits this year.

Director Jeremy Fisher said the Sydney brokerage would donate $10 per settlement to the charity of the month.

That suggests 1st Street might donate about $20,000 this year, given that it settled more than 2,000 loans in 2014.

The charities include Children's Cancer Institute, Diabetes NSW, Epilepsy Australia, Homeless Persons' Legal Service, Kidney Health Australia and L'il Aussie Prems Foundation.

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The other charities are MS Australia, Movember, National Breast Cancer Foundation, Neuroblastoma Australia, Parkinsons NSW and The Salvation Army.

It comes after 1st Street made about $90,000 of charitable donations in 2013/2014.

Mr Fisher told The Adviser that 1st Street's community engagement helps it differentiate itself as an ethical and people-oriented brokerage.

"Our 10 mortgage advisers collaborated on selecting a different charity each month, which we promote to our clients, partners and the wider community," he said.

"The particular charities selected have had a personal impact on our brokers, and because of this our staff are actively involved in monthly fundraising undertakings."

Mr Fisher said 1st Street's charitable giving had received very positive feedback from clients.

"On settlement of a loan, our clients are sent a thank-you certificate informing them that a portion of the commission earned from this loan will be contributed to the charity of the month," he said.

"We have acquired a number of clients through their personal connections with some of the chosen charities we support," he added.

[Related: 1st Street makes Top 25 Brokerages ranking]

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