Join ifa’s Maja Garaca Djurdjevic and Keith Ford as they speak to shadow financial services minister, Luke Howarth, to discuss the Coalition’s goals for financial advice.

In this conversation with Broker Daily sister brand ifa, Howarth shares his perspective on the current state of the sector, what a change in government would bring about for financial advice reform efforts, the prospect of super funds returning to advice, and what needs to change regarding the Compensation Scheme of Last Resort.

Tune in to hear the shadow minister’s vision for the advice profession ahead of next year’s federal election.

You’ll hear:

• What the Coalition’s plan to implement all the Quality of Advice Review recommendations means in practice.
• His plans to turn around what has been a contentious relationship between the advice profession and successive governments on both sides of politics.
• How Australia’s economy is looking following an extended period of high inflation and increased government spending.
• Whether the shadow minister is just talking a good game ahead of an election or if financial advice would be better off under a Coalition government.

For the final episode of Broker Daily Uncut for 2024, hosts Alex Whitlock, Phil Tarrant, and Jack Campbell delve into the opportunity of trust-based lending.

In the competitive world of broking, diversifying offerings can help brokers stand out from the crowd and provide a one-stop shop for borrowers.

The trend of buying property through trusts is gaining traction as investors seek to overcome serviceability issues. Innovations in mortgage lending will likely focus on smarter, more flexible policies for clients who understand these nuances, often with brokers helping clients navigate the complexities.

As we approach the end of the year, brokers may have their sights set on 2025. In this episode of Business Accelerator, hosts Alex Whitlock and Jason Back analyse some key considerations that can help brokers hit the ground running and achieve success in the new year. It can be easy to get caught up in the technical complexity of being a broker, which can make balancing client service and business management difficult. It can benefit leaders to step back, reflect on the past year, and plan for the upcoming year. The pair discuss the importance of setting clear milestones and focusing on ‘money-making’ activities. It can be beneficial to avoid the chaos of unplanned work.

In the latest episode of Broker Daily Uncut, hosts Phil Tarrant, Alex Whitlock, and Jack Campbell delve into the latest cyber security issues, with ASIC suing HSBC over alleged underperformance in this area.

With cyber crime becoming more and more sophisticated by the day, organisations need to be up to date on countermeasures to combat these issues.

In the wake of cyber security headlines, scam prevention has become a major consideration for lenders as threats continue to ramp up.

In this episode of Business Accelerator, hosts Alex Whitlock and Jason Back jump into the world of fashion. While the days of a suit and tie may have become outdated for some, the way you dress can be an effective way to appear professional. Back notes that it is all dependent on the client. People are different and will appreciate different presentations. Those working with high-revenue commercial clients may need to present themselves differently from an agricultural commodity broker.

The promotion of professionality is what every broker should strive for. Clients are entrusting a big part of their life to brokers, and in return, they should receive an air of comfort through professionalism.

Tune in to find this out and much more!

Regional areas have consistently witnessed increased migration from city folk and few of them are leaving. Despite the opportunities regional living provides, infrastructure remains an issue. In this episode of Broker Daily Uncut, hosts Jack Campbell, Phil Tarrant, and Alex Whitlock discuss the regional migration figures, and how more support is needed in these areas.

The trio also touched on the record-high broker market share numbers, now at 74.6 per cent. Brokers are continuing to remain the most popular option in the borrower journey and increasing figures show no sign of turnaround.

In this episode of Business Accelerator hosts, Alex Whitlock and Jason Back analyse the factors that make a top-performing broker. It may surprise people that volume isn’t necessarily an indicator of success. Curiosity can be an effective tool in driving performance. The willingness to develop and learn from mistakes is an important trait for a high-performing broker. Individuals should be searching for opportunities to challenge themselves.

One of the most crucial considerations is the customer. In a client-facing profession where relationships are paramount, building and developing strong rapport with the consumer must be considered.

Tune in to find this out and much more!

In this episode of Broker Daily Uncut, hosts Jack Campbell, Alex Whitlock, and Phil Tarrant discuss Macquarie’s strong performance and reliance on the broker channel. How are they finding success where others struggle? Also touched on were some rumours of CBA making it easier for borrowers to extend the five-year interest-only period on loans with just a phone call. While yet to be confirmed, this move could be a big win for property investors.

Meanwhile the inaugural Commercial and Finance Awards program was a massive success. With hundreds of industry leaders in one space being recognised for their achievement, the first-time event was full of energy.

In this episode of Business Accelerator with hosts Alex Whitlock and Jason Back, the topic delved into tech in broking. While it can be an effective enabler in streamlining processes, the human element of the profession must be upheld.

Tech is also consistently evolving, creating headaches when trying to keep up. What’s important to keep in mind, said Back, is to retain synergy with clients and find out how they want to tackle processes.

In some instances, aggregators may push a tech stack that isn’t attractive to a broker. Individuals and brokerages shouldn’t be opposed to branching out and seeing what works for them in the tech market.

Tune in to find this out and much more!

In this episode of Broker Daily Uncut, hosts Jack Campbell, Alex Whitlock, and Phil Tarrant analyse the purchasing of property with cash, which now makes up 26.5 per cent of the total. With Baby Boomers set to hit peak retirement over the next couple of years, this figure may climb as the older generations look to downsize.

Meanwhile, ANZ took the top spot as most popular lender for commercial brokers. Each of the majors performed well, with La Trobe Financial creeping its way into fourth spot as the only non-bank lender to make the top five.

The team also discussed the upcoming Commercial Finance Awards, taking place this Thursday. The lunchtime event will be a celebration of leading brokers, BDMs, and businesses in the commercial and asset finance space.