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Hi guys/Girls,
So i'm thinking of diving into the world of independance and starting my own Broking firm. Obviously this will be a 5 year plan, with experience being neccessary before going it on my own, but i thought i would get some feedback from people who deal with Mortgage brokers on a day to day basis to guage my potential success in the industry.
Firstly, addressing the issue with lack of technical knowledge of brokers considering the relatively low level of education required to get qualified. I have a bachelor of Applied Finance from Macquarie Uni, and will be looking to getting the Cert IV in financial services.
The applied Finance degree should ensure complex financial structures would be understood, and I am wondering if the knowledge that myself and prospective business partner have these extra qualifications would be a good selling point when you are looking for a broker?I am looking to not just be a run of the mill broker, but one who looks at dealing with these complex investment structures and is able to facilitate individual requirements.
I just worry about the saturation in the broking market, as there are apparently something like 13,000 brokers out there!
Any advice you can give me about getting started would be greatly appreciated!
Thanks,
Nick