11/10/2021 0 Comments What Does a Finance Broker Do?The number of Finance Brokers has grown tremendously over the past 5 years: from 8,000 in 2021 to 12,000 in 2021. Note: these figures do not account for the extra number of Finance Brokers working in Private Companies. Types of Business: Like most careers in the finance industry, there are various types of business that finance brokers can enter. There are specialized areas such as commercial banking, private banking, mortgage banking, debt consolidation and retail banking. The parkins finance brokers also have opportunities in investment banking, wealth management, estate planning and corporate finance. Licensing Requirements: Like most occupations, in order to become a qualified finance broker, you need to meet a set of strict legal requirements. The Securities and Investments Commission (ASIC) regulates the finance industry in Australia. All finance brokers must be registered with the ASIC before being able to work. Before a person can start working, they must complete an accredited financial broker training course. Once licensed, they need to pass an examination created by the ASIC. Candidates wishing to become finance brokers in Australia have to pass this examination within a two year period. Click here to learn more about this subject matter. Other Areas: Working as a finance broker also means that a person can specialize in any number of different areas including government, credit unions and corporate lending. Each area has its own unique aspect that requires a different set of skills. You may find that working in a bank is the best job for you. This depends on what your goals are as well as the level of experience you have in the industry. Click this post: https://en.wikipedia.org/wiki/Financial_services to familiarize yourself more with this topic.
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