Proposed Changes to Industry Structure Cloud Outlook for Mortgage Choice; FVE Cut to AUD 1.10
Royal Commission recommendations covering the mortgage brokering industry could disrupt and damage the business model of Mortgage Choice. We have been too optimistic in assuming existing remuneration arrangements would continue with only minor adjustments to the revenue model would remain broadly intact. Instead, the Royal Commission’s final report recommended drastic changes to broker remuneration and if fully implemented will significantly reduce the profitability of mortgage brokers, includin...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.
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