Neilh
10th May 2006, 16:22
Hi
Is anyone out there a 'tied agent' providing advice on and selling finance products of a specific financial institution? If so, how did you set up the arrangement? Who did you approach?
I have a friend/colleague who has developed successful commercial finance brokerage, but wants to diversify a little to be able to offer his clients personal products too. Since commercial finance is not regulated in the same way/as tightly as personal finance establishing a brokerage was reasonably straight forward. However due to the regulation of personal finance, being a tied agent seems the best course of action.
Neil
Is anyone out there a 'tied agent' providing advice on and selling finance products of a specific financial institution? If so, how did you set up the arrangement? Who did you approach?
I have a friend/colleague who has developed successful commercial finance brokerage, but wants to diversify a little to be able to offer his clients personal products too. Since commercial finance is not regulated in the same way/as tightly as personal finance establishing a brokerage was reasonably straight forward. However due to the regulation of personal finance, being a tied agent seems the best course of action.
Neil