The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Asian shares fall as investors brace for inflation report

  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • South Korean won, Philippines peso lead losses among subdued Asian currencies

Brokers
Home›Brokers›Commissions come early for Finsure brokers

Commissions come early for Finsure brokers

By Megan
June 2, 2022
10
0
Share:

by Kate Aubrey•06:40 AM, 2 Jun 2022•4 minute read


Kate Aubrey


06:40 AM, 2 Jun 2022

4 minute read

Brokers at Finsure Group may have their commissions paid early as part of a new initiative.

In a move backed by Finsure’s parent company MA Financial Group Limited, the “Commission Now” initiative is set to allow brokers to be paid commissions when loans are unconditionally approved to assist brokers with their cash flow and other business purposes.

Finsure chief executive Simon Bednar said the initiative will allow its broker network access to their commission payments up to 90 days earlier than before.

“Commissions will even be paid within 48 hours on eligible deals, and we have a simple matrix driven approval process to access the scheme which is fully integrated into our customer relationship management (CRM) platform Infynity with no third-party interference,” Mr Bednar said.

“As well as improving cash flow, the Commission Now initiative unlocks future income for a range of purposes including lead generation, marketing or tax commitments.

“This is a fully technology driven solution off ApplyOnline Back Channel Status and funds can be accessed in a few clicks.”

The move follows MA Financial’s $145 million acquisition of Finsure that aims to prepare the 10-year-old aggregator for “a new decade of growth”.

The deal, which was completed on 7 February, saw BNK Banking Corporation Limited (BNK) sell its fully owned subsidiary Finsure Holding Pty Ltd (Finsure), and its related aggregation division subsidiaries, to MA Financial Group.

Mr Bednar said the strong financial position of the parent company has provided “exciting opportunities” for Finsure brokers.

“Our partnership with MA Financial is a game-changer for Finsure through its access to capital, credit and lending capabilities and technology expertise,” he said.

“Accelerating Finsure’s growth and providing additional value for our expanding broker network, which now boasts more than 2,400 brokers, is always our priority.

“This is yet another tremendous service offering for our brokers.”

At the time of the acquisition then-CEO John Kolenda said Finsure had the opportunity to become “one of the most powerful pieces of financial infrastructure” in the Australian residential mortgage market.

Following the move a leadership restructure saw Mr Kolenda become MA Financial’s new managing director, strategy & growth – lending, while Mr Bednar, stepped into CEO after serving as general manager.

[Related: Finsure announces leadership hand shake up]

Commissions come early for Finsure brokers

simon bednar ta


TheAdviser logo



Last Updated: 02 June 2022


Published: 02 June 2022

simon bednar ta


Written by Kate Aubrey

Last Updated: 02 June 2022

Published: 02 June 2022

Source link

Previous Article

Is It Too Late to Benefit From ...

Next Article

Nine Insiders Just Bought Shares of This ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Brokers

    This top broker thinks the Kogan share price has 35% upside

    June 12, 2022
    By Megan
  • Brokers

    Brokers Set Expectations for First Citizens BancShares, Inc.’s FY2023 Earnings (NASDAQ:FCNCA)

    July 4, 2022
    By Megan
  • Brokers

    Oracle, Comarch, AgencyBloc, Radiusbob – InsuranceNewsNet

    July 21, 2022
    By Megan
  • Brokers

    Broker’s Call: Infosys (Sell) – The Hindu BusinessLine

    July 25, 2022
    By Megan
  • Brokers

    Cannes Film Festival – Deadline

    May 26, 2022
    By Megan
  • Brokers

    Rising interest rates cooling off south suburban housing market

    July 25, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Gold and Precious Metals

    Liquid metal boosts platinum catalyst’s activity 1000 times | Research

  • Stock Shares

    Matthew Zinn Sells 5,961 Shares of 8×8, Inc. (NYSE:EGHT) Stock

  • Brokers

    Pharr’s Bridge Connect series is invaluable for customs brokers

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • August 10, 2022

    Asian shares fall as investors brace for inflation report

  • August 10, 2022

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • August 10, 2022

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • August 10, 2022

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • August 10, 2022

    South Korean won, Philippines peso lead losses among subdued Asian currencies

Best Reviews

Latest News

Stock Shares

Asian shares fall as investors brace for inflation report

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • South Korean won, Philippines peso lead losses among subdued Asian currencies

    By Megan
    August 10, 2022
  • Recent

  • Popular

  • Comments

  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • Australian economy survived Covid better than most but recovery could slow, OECD says | Australian ...

    By Megan
    September 14, 2021
  • The Best Online Brokers, According to 5 Financial Experts

    By Megan
    September 14, 2021
  • Is Disaster Looming for Australia’s Economy?

    By Megan
    September 29, 2021

Trending News

  • Stock Shares

    Asian shares fall as investors brace for inflation report

    People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • Gold and Precious Metals

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) and Maison Luxe (OTCMKTS:MASN – Get Rating) are both small-cap consumer discretionary companies, but which is the superior business? We will compare the ...
  • Stock Shares

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    Asian markets started on a negative note following a retreat in Wall Street. This was mostly due to the caution ahead of US inflation data that will shape nvestor expectations ...
  • Australian Economy

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    How Reserve Bank boss getting LAUGHED at on the world stage will radically change Australia’s economy The Australian Bureau of Statistics is trialing a new monthly inflation data series Reserve ...
  • Currencies

    South Korean won, Philippines peso lead losses among subdued Asian currencies

    BENGALURU (Aug 10): Most Asian currencies were subdued on Wednesday, while most stock markets in the region fell, tracking losses on Wall Street, as investors awaited US inflation data later ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.