Mortgage Choice's New Remuneration Structure Hits Near-Term Profits; FVE Unchanged at AUD 1.70
As previously flagged, Mortgage Choice has released an update on the new broker remuneration framework lifting the commission payout to its broker franchisees. Under the new opt-in structure, the average commission payout rate increases by 9 percentage points to 74% from 65%. Rather than being volume-based, the new trail commission structure is based on either new loans or the existing loan book, depending on which option generates a better financial outcome for the broker, assessed monthly. Man...Mortgage Choice is engaged in mortgage broking. Co.'s activity includes: the provision of assistance in determining the borrowing capacities; the assessment, at the request of those borrowers, of a range of home loan or other products; and the submission of applications on behalf of prospective borrowers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.