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This week’s winning comment comes from Phillip Dibben and relates to yesterday’s article on brokers diversifying into financial planning.
In the article, franchise group Mortgage Choice says more than a quarter of its existing brokers have opted to diversify into financial planning. While a number of commenters were sceptical of the move, Dibben offered the following advice from personal experience:
“I can recommend wearing the two hats. Just be aware that once you hold your Financial Planning licence you will also need to complete a Financial Planning Statement of Advice for each credit contract you recommend as a Credit Adviser. This is a great outcome for clients with greater focus on wholistic[sic] advice. It significantly adds to the work load in putting together a commercial, home or equipment finance deal.”
Thanks to everyone who contributed comments over the last seven days and keep an eye out next Friday to see if you're the author of Australian Broker's next top 'Comment of the Week'!
