Who is the best Aggregator????

Hi Guys,
I am starting my own finance and insurance company. I am going to be offering all services in finance but I am on the hunt for a competitive aggregator. Comm structure is important and being able to keep my loan book after any term of membership is also important, but most seem to want large start up fee's. Any help would be greatly appreciated to keep the set up costs down

 

Connective without a doubt!

 

They are around $7600 for access for 24 months.

 

What is that for David?

Connective charge something like $110 per month plus a commission split or about $900 per month with 100% of commission.

 

I'm with connective too. I was out of the game for a few years and was able to keep my trail.

 

i left them, and kept my trail, then later went back after realising how good they were.

 

From what I understand connective also have one of (if not the) best platform around.

However I'm not a broker so not certain on this.

Blacky.

 

Many from what I hear! Some pay lip service and then try to find reasons to cancel trail.

 

There is one aggregator whose name starts with 'a' who allegedly audit files when a member leaves. They look for 'fraud' and then use this as the basis for cancelling their agreement to keep paying trails.

I have heard not so good things about choice as well, but only rumours.

a broker also has to consider what the cost would be to keep receiving trails after having left an agregator. With connective it would be as little as $110 per month.

 

AFG

 

I am with Connective after leaving Vow.

Connective is good for a license but ongoing support is now the greatest but that is ok.

I am a rep and pay a set fee a month - circa $1150.... and keep 100% upfront and 100% trail....works well with a significant volume.

I believe AFG et all, treat the big boys really well, as for me, I just need an aggregator not worried about my ego.

Cheers Ivan

 

Connective do a good job. They do what i need well.

Good software, easily scalable and learnable, good for a license. Haven't had any issues with support, but usually don't need too much from an aggregator in any case. If your looking for a 'family/relationship' type aggregator, i think there may be some that focus better here. If looking for leads, i think they may have some franchise model now that does pass on leads. Other aggregators may be better here. Haven't been anywhere else, so i can't speak with much experience, other than that i'm pretty happy with Connective.

 

Who is the best aggregator for potential low volume? I am thinking someone starting out who is transitioning from previous employment to broking over a 12-18mth time frame?

 

connective could be good because you can pay a low monthly fee and a % of upfronts and trails - I think you get 95% of trails and 80% to 90% of ups.

You can also dial up to the 100% comms when you wish, and then back down again. This may be handy when you know you are getting a few loans settling at once.

 

A franchise might suit. Some of them have great training and support for new brokers. Costs though. Rather than look for 'an aggregator' look for a sub aggregator or group of brokers in your area and take it from there. There are sub aggregators that supply leads for a higher split, which is a great way for new brokers to get experience and build a database.

 

Who's the best aggregator? The one that takes the least amount of your money

A decent software platform and lender selection is also useful - but it's all much of a muchness IMO.

I'd be going for a fixed fee model whereby you can keep 100% of comms. I think some offer a comms split or fixed price model which you can switch between depending on your volumes/business growth.

Cheers

Jamie