is it the drop off rate on the previous figure, not the gross figure?
if so, is this the right method to assess the trail book?
Year 1 = 100k – (100k x 5%) = 95,000
Year 2 = 95k – (95k x 5%) = 90,250
Year 3 = 90,250 – (90,250 x 5%) = 85,730
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theoretically, this method takes many years to totally depreciate the book value.
This reply was modified 9 years, 8 months ago by CharlieX.
Although in saying that wont find too many FP License holders be prepared to allow you to receive ongoing trail commission if you don’t hold a FP License.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
sounds like better to get the FP licence before buying the trail book so I can get the trails paid directly to my licence? does it not make sense for a person to take on complimentary products such as mortgage broking and financial planning? what other products would be complimentary products to mortgage broking, financial planning, and real estate?
sounds like better to get the FP licence before buying the trail book so I can get the trails paid directly to my licence? does it not make sense for a person to take on complimentary products such as mortgage broking and financial planning? what other products would be complimentary products to mortgage broking, financial planning, and real estate?
sounds like better to get the FP licence before buying the trail book so I can get the trails paid directly to my licence? does it not make sense for a person to take on complimentary products such as mortgage broking and financial planning? what other products would be complimentary products to mortgage broking, financial planning, and real estate?
You certainly can, but at the same time be wary of the risk of being a jack of all trades – master of none.
Trail books are generally in high demand – I know my aggregator sells them quickly and there’s generally a list of interested buyers.
If you’re genuinely interested then best to contact connective and ask them to keep you in mind when something comes up.
thanks :)
I think I’m already on the list, but so far not a thing yet.
Charlie – how long you been broking? Its a perfect time to win new clients, and perhaps focus on marketing to a specific niche, the upfronts will cover your costs and you can build your trail….then find a trail book later on. Also, look at what else are you providing other than broking? the market I believe will be based on a product suite rather than specialist mortgage broking…