Broker Commissions

Are you ready to try a new way of working with clients and earning commissions? One in which your income is guaranteed within a transparent system that builds client loyalty and trust? Yes? Read on…

As you know, the standard commission structure for Brokers is to receive an upfront commission payment upon the approval of a loan and in some cases a trail commission for the life of the loan. Under the terms of the Royal Banking Commission, these payments are subject to caps and restrictions. In fact, if the recommendations of the Royal Banking Commission were to be fully implemented, trailing commissions would be ended altogether.

So, what’s new? Well, at Australian Securities, we do things a little differently, starting with how your remuneration is set and paid.

Your fee. Your choice.

With Australian Securities, you take control and set your own remuneration (and whether you want an initial fee, a trail fee, or both) with your client’s approval. We’ll collect the fees for you at no charge and credit them monthly to your nominated bank account whilst absorbing all bank fees and charges.

In other words, you get to choose (within reason) how much you’d like to receive for helping the client find, apply for and manage their loan, and whether that’s just an initial fee or an ongoing trail fee, or both. It’s important to note the terminology here – you are charging a fee for your service, not receiving a commission from a bank for signing up a client.

Your payment arrangements are yours.

Unlike other lenders, we won’t interfere with your fee payments – ever. Payment arrangements are made directly between you and your client, and Australian Securities cannot alter payments.

No claw-backs for early exit from the loan

Australian Securities does not have claw-backs. If your client elects to exit the loan prior to the end of the term, your broker payments are calculated up until the repayment date when the debt is paid out under the terms of the agreement.

The Fee-free Finance Fee Payment Facility

The perfect alternative to broker commission structures

Enter the Australian Securities Finance Fee Facility™. The Australian Securities Finance Fee Payment Facility provides a better payment alternative to loan commissions while securing your future business. It is a free, transparent service for you and your client to easily facilitate fees and ongoing trail payments.

When you introduce a new client to Australian Securities and their loan is approved, we will manage your client’s lending requirements and pay your fees at no extra cost to you – all managed transparently through the Finance Fee Facility™. More importantly, your client stays yours.

  • Gain greater control
    The Australian Securities Finance Fee Facility provides greater control over fee payments while building better broker/client relationships.
  • There are no changes to your fee income amounts
    The Finance Fee Facility is not a commission-based system. Therefore, under the terms of the Royal Banking Commission, any restrictions such as caps do not apply.
  • It’s transparent – there are no hidden provisos, fees, clawbacks or charges
    Fee payment arrangements are made directly between broker and borrower and cannot be changed by Australian Securities.
  • Receive automatic monthly payments
    Benefit from automatic monthly payments (and no bank fees) from your client’s interest repayment account in the same month as interest is paid.

Stay informed and build trust with clients

As a broker, you will receive monthly fee-payment notices and can stay informed with online activity statements of client interest repayments and fee disbursements. As fees are set between you and your client and Australian Securities cannot alter your payment arrangements, both you and your client benefit from greater certainty and transparency – helping you to build trust.

Say goodbye to banks

Whether you are looking for a complex loan or to refinance your clients, Australian Securities has you covered. Our Finance team will do everything in their power to help you transition from commission-based payments with a minimum of fuss.

Still not sure…

Call us on 1300 275 275. We don’t have call centres. You’ll talk directly to our Finance managers or executives when you call.