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The Adviser:  Aggregator confirms voluntary adminstration: Options for Brokers

NewsGreg Ashe

The Adviser: Aggregator confirms voluntary adminstration: Options for Brokers

Breaking news from The Adviser: November 27, 2017

Award-winning aggregator eChoice confirmed that Geoffrey Reidy and Andrew Barnden of Rodgers Reidy have been appointed as voluntary administrators of eChoice Limited and 13 subsidiary companies, pursuant to Section 436C of the Corporations Act.

To find out what this means for brokers, go to

https://www.theadviser.com.au/breaking-news/37112-aggregator-confirms-voluntary-administration

The business confirmed that broker commissions, including trail payments made by lenders will not be impacted by the appointment of administrators. However, while trail commissions may not be affected, clearly brokers who are Credit Representatives under the eChoice Licence will need to review their aggregation options.

Pursuit Broker Services offers an alternative model whereby brokers can be authorised as Credit Representatives under the Pursuit Broker Services licence, can aggregate wherever they choose and receive industry-leading compliance support for a flat-fee, with no lender panel restrictions.

Call Pursuit Broker Services on 1300 817 662.

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