Procuration fees and broker fees are paid when a case completes. Pecunia adds income from the pension, investment and estate planning advice Equity & General gives your clients, for as long as they stay advised.
A mortgage firm is paid a procuration fee by the lender, and often a fee by the client, when a case completes. The next fee from that client comes with the next remortgage, product transfer or move.
Interest rates, lender appetite and product transfer pricing all change how many cases a firm completes in a year, and so how much it earns.
A buyer of a firm values recurring income separately from transaction income. Income from advised assets continues for as long as the client stays advised.
You advise clients when they buy, move, remortgage and borrow later in life. Each of those decisions touches their pensions, savings and estate.
Your clients have pension and investment questions. You introduce them to an Equity & General financial planner, who gives the advice.
Assets under management built from your clients produce income that recurs, and recurring income adds to what a buyer will pay for a firm.
The arrangement puts the client first. Your firm and Equity & General share in the value created by the advice.
How a one-off referral fee compares with a share in the ongoing value of the advice, for your income and for what your firm is worth.
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How buyers value a mortgage business, why recurring income raises that value, and how a partnership with Equity & General builds recurring income into your firm.
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Why mortgage income rises and falls with the rate cycle, and why a second, recurring advice income built alongside it grows more the earlier it starts.
Read itYour firm keeps the mortgage and protection advice. Equity & General gives the pension, investment and estate planning advice, and a named partnership manager sets the arrangement up with you.