The reality is that the majority of people will need to finance something in their lifetime...
"In order for people to obtain the funds needed to purchase a home, invest in the stock market or foreign exchange, or simply to get the insurance coverage they need, they must deal with a financial institution. This may be a very daunting prospect to many people who do not have the first idea of where to begin. This is where the finance broker comes in."
Those words above encapsulate the dual focus of Brokersclimb. Firstly, empower brokers to deliver outstanding services to their clients; secondly, provide enlightening and educational articles and tools that enable consumers of financial products to make sound choices.
Your feedback as to how Brokersclimb is delivering and meetings these goals are paramount. Therefore, go ahead and write. Give us your thoughts. Tell us what we should be including, etc.
We just can't wait to hear from you!
Partnership or incorporation?
Many smaller practices may be wondering whether it is better to incorporate or remain as a sole trader or partnership. While the government has encourage incorporation through the new WorkChoices industrial relations legislation, the latest changes to tax in the 2006 Federal Budget may make it more appealing for some practices to remain as they are.
Education options for finance professionals
These days, continuing education is vital for those operating in the finance industry. With FSRA requiring minimum education standards for those providing financial advice, continuing education has become an integral part of life for most finance professionals. Here we look at some of the education options available.
Serviced and Virtual offices – Is this the way of the future?
Serviced offices have been around for many years. In the past, they usually offered a basic secretarial and reception service. In the last couple of years however, serviced offices have grown in popularity across CBD areas in cities across Australia. Now, the virtual office is also providing another, less expensive, option.
The changing face of the office – understanding Generation Y
For brokerage businesses, the introduction of so-called Generation Y into the workforce could spell some big changes in the way the traditional office is viewed. Will your practice be ready for the changes?
Italy wins the greatest prize in sports in controversy again
What's with Italy never able to win a game clean and clear? Why can a country boasting some of the best players in the world and one of the best football leagues play so dispiritedly, contrive penalties, knock off opponents by crook - either by injury or by provocation as happened to Zinedine Zidane today?
And one of the game's greatest players leave the stage in disgrace, of course at the hands of the Italians, from what may turn out to be extreme provocation by Materazzi of Italy. Never have I seen the demons wreak a havoc on a coolheaded player like Zidane was until this moment of absolute madness by the maverick player and scorer of a penalty kick by a chipping of the ball in the seventh minute of the game.
With the exception of their watertight defensive play I don't like the Italian frustrating games of the past 12 years or so. Their games have not been Joga Bonito to say the least.
A reluctant congratulations to the victors of the FIFA World Cup™, Germany 2006!
Enhancing the broker client relationship
Whether you’re a finance broker, a mortgage broker or insurance broker, looking after your client base is vital. Here we look at some simple ways you can enhance your relationships with your clients.
DIY super for brokers – is it right for you?
For many years, DIY super, or self managed super funds (SMSFs), have been popular with small business owners and professionals, including brokers. So why has DIY super become so popular and is it worth considering for your broking business?
Applying for relief from FSR regulations
The financial services industry in Australia is governed by the Financial Services Regulations (FSR), which are enforced by the Australian Securities and Investment Commission (ASIC). However, while the regulations are strict and must be adhered to, there is the opportunity to apply for relief from FSR. Here we look at some of the reasons why you might apply for relief and how you apply.
How will WorkChoices affect brokerage businesses?
The Australian Federal Government’s new workplace relations changes, known as WorkChoices, have now been introduced and have caused quite a bit of controversy and confusion, from both employees and employers. Here we look at what WorkChoices could mean for your brokerage business, especially with regard to commission only brokers.
The Consumer Credit Code
Finance brokers must comply with the Consumer Credit Code or risk costly penalties of up to $500,000 for major breaches of the Code. The Consumer Credit Code covers individuals who receive credit for personal or household use in the form of personal loans, credit cards, overdrafts, housing loans, pay day loans, mortgages and continuing credit accounts. So what are your main responsibilities when dealing with consumers in upholding the Consumer Credit Code?

