WHAT IS A FINANCIAL BROKER?

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What do I need to study to become a Financial Broker?

Dūcere

Delivered by Dūcere Global Business School in partnership with the University of Canberra, the Bachelor of Applied Entrepreneurship teaches the practical enterprise skills of the 21st century. If you want to know how new businesses and startups succeed, and develop your own unique business idea as part of your degree, then this is the course for you!

Bachelor of Applied Entrepreneurship

Delivered by Dūcere Global Business School in partnership with the University of Canberra, the Bachelor of Applied Entrepreneurship teaches the practical enterprise skills of the 21st century. If you want to know how new businesses and startups succeed, and develop your own unique business idea as part of your degree, then this is the course for you!
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Bachelor of Applied Entrepreneurship

Online | HECS-HELP,Upfront payment
It only takes a minute!
Swinburne Online

Take the first step in an exciting, dynamic career in the global finance sector by studying this Bachelor of Business (Finance) course. 

Swinburne Online

Taught and designed by leading business professionals, the Bachelor of Business With a Major in Business Administration delivers a practical and comprehensive course in business management.

Mentor Education

Learn how to implement loans, apply for credit and take your clients through the lending process with this online Certificate IV in Finance and Mortgage Broking (FNS40815) course.

FNS40815

Certificate IV in Finance and Mortgage Broking

Learn how to implement loans, apply for credit and take your clients through the lending process with this online Certificate IV in Finance and Mortgage Broking (FNS40815) course.
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It only takes a minute!
Mentor Education

Looking to enter the finance and mortgage broking industry? Or, already working in the industry and want to gain formal qualifications? The online Diploma of Finance and Mortgage Broking Management (FNS50315) course will give you the tools you need to excel.

FNS50315

Diploma of Finance and Mortgage Broking Management

Looking to enter the finance and mortgage broking industry? Or, already working in the industry and want to gain formal qualifications? The online Diploma of Finance and Mortgage Broking Management (FNS50315) course will give you the tools you need to excel.
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It only takes a minute!
Monarch Institute<p>Work towards achieving your career goals with this RG146-compliant online Diploma of Financial Planning (FNS50615), and kick start your future in financial services.</p>
Mentor Education

Looking to get started in the finance industry? The online Diploma of Financial Planning (FNS50615) course will give you the tools you need to excel.

FNS50615

Diploma of Financial Planning

Looking to get started in the finance industry? The online Diploma of Financial Planning (FNS50615) course will give you the tools you need to excel.
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FNS50615

Diploma of Financial Planning

Online,Classroom | Upfront payment
It only takes a minute!
Australian Catholic University

Use your skills in finance to help people reach their goals with this Graduate Diploma in Financial Planning course from Australian Catholic University.

Swinburne Online

For anyone with ambition for business leadership or ownership, Swinburne Online's Master of Business Administration will give you the experience and skills to achieve your dream.

Charles Sturt University

This online Master of Business Administration (MBA) course will equip you with the theory and training necessary to excel in business management and leadership.

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What is a Financial Broker?

A Financial Broker consults with many financial bodies and institutes, using their knowledge and experience to identify each client’s specific needs and advise them on the best ways to manage and invest their money.

Operating as independent agents, Financial Brokers arrange and manage insurance, leases and business or personal money loans on behalf of their clients for a fee or commission. They also facilitate the trading of commodities; planning, organising and negotiating the sale and purchase of goods, property, shares and other financial assets.

In order to maximise efficacy, Financial Brokers must maintain up-to-date knowledge of a wide range of finance and insurance products, conduct research, and analyse markets and other economic elements. They must also perform risk assessments, calculate and record transaction costs and provide clear, detailed documentation to their clients.

What do Financial Brokers do?

  • Analysing clients' financial status to determine their specific needs, discussing options and developing financial strategies.
  • Meeting with new and prospective clients to outline insurance policy conditions, risks, rates and benefits, and making recommendations on amount and type of coverage.
  • Liaising with banks, lenders, financiers and insurers to maintain up-to-date information on available finance and insurance products.
  • Monitoring prices, trends and other factors affecting supply and demand for commodities, negotiating the purchase and sale of such goods as grains, wool, metals and minerals.
  • Brokering complex and commercial leases and finance for equipment, projects and property development.
  • Arranging and presenting documents outlining the risks and conditions of finance, repayments and loan periods.
  • Facilitating the purchase of insurance, home loans, mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies.

Career snapshot for Financial Broker

  • The average age of working Financial Brokers is 41.
  • 64.90% of Financial Brokers are male.
  • 81.00% of Financial Brokers work full-time and on average they work around 42.6 hours per week.
  • With An Associate Degree or Diploma, Financial Brokers get paid $1,400 per week Before Tax.
  • Unemployment levels are below average.
  • In 2015 records showed 25,400 employed Financial Brokers.
  • The projected growth of the profession is estimated to be very strong with employment numbers around 30,300 by 2020.
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