Mortgage brokers set sights on advice upskill
A survey of mortgage brokers has found that a majority believe it is feasible for individual brokers to provide holistic financial advice services.
Of the 149 responses, 71.6 per cent of respondents believe it is a genuinely valuable proposition to be able to offer solutions that meet all of a client’s financial needs.
“We know their financial position and it would be a simple step to discuss their financial goals and provide solutions,” commented one anonymous survey respondent.
“[A] majority of info for both can be collected at the same time, plus [the National Consumer Credit Protection Act regulations] should ensure we collect the info to determine suitability,” said another.