why you should REALLY support brokers

MortgageMamma

cells wrote: »

:rotfl:


like i said, if you truely offer an invaluable service you have nothing to fear. But i suspect you will go the same way as the milkman or the coal miner

Ps - I don't "fear" anything. I see situations like this as opportunities, and I have a very basic take on life. So long as I have my kids, my husband, a roof over my head and I can provide for my kids very little else matters to me.

I know I will always have the things i have stated above, so wherever life takes me I will be happy.

The secret to contentment is simplicity and valuing immaterial things before possessions and wealth.

cells

dunstonh wrote: »

Each profession out there has cowboys. No doubt yours does too.

you dont offer any advice on how to create wealth, else you would be doing that for yourself and becoming v.rich off it like some investors do.

you dont manage wealth to try and concerve or increase it, that is what pention funds, hedge funds ect do

you dont offer any tax advice, or at least not what you would get off a tax lawyer.

the investment advice you offer is no more than the blurb about risk on the funds you suggest.


in reality you are a middle man selling products of others.
that is my understanding of an IFA and you seem to confirm it.

dunstonh

in reality you are a middle man selling products of others.
that is my understanding of an IFA and you seem to confirm it.

Some of the role involves that but that is only part of it. The three things you mention IFAs dont do are things they do. Your opinion that the advice is no more than the blurb is quite incorrect.

You description is one of a tied or multi-tied agent and not an IFA.

homer_j_3

What have I missed?

IFA's now have no value and cavendish have solved the world for all financial matters.... EH? Im afraid to leave my computer again for a few hours as someone might tell me that accountants have no use now that we have self assessment.

Remember.. Tax does not have to be taxing.

sorry folks but the hysteria is setting in now.

Dan_Collins_2

cells wrote: »

the truth is, they offer nothing of value and a lot of them will be out of work soon if they are not already. but look on the bright side, they can get themselves a good unemployed 10x income fake wage slips mortgage! :T

Cells what do you do for a living? I have a family to house and feed and a new one on the way. My income has been taken away from me by lenders who cocked up in the first place.

A very small group of brokers are iffy, I agree but you are very wrong!

Name me an industry that has no iffy members???

I just hope your not laid off this year, the crunch is going to hit us all, just we are on the front line so we have got hit first!

Graeme7777

Hi,

So, after all the to-and-fro in this thread, are the advisers any clearer about the road forward for them?

cells

Dan_Collins wrote: »

Cells what do you do for a living? I have a family to house and feed and a new one on the way. My income has been taken away from me by lenders who cocked up in the first place.

A very small group of brokers are iffy, I agree but you are very wrong!

Name me an industry that has no iffy members???

I just hope your not laid off this year, the crunch is going to hit us all, just we are on the front line so we have got hit first!

i work in R&D and i look foward to the day when unemployment goes up weekly!

there is no benifit to humanity in jobs that actually produce no wealth.

you can pay one man to dig a hole and another to fill that hole right back up again. you have created 2 jobs right there. but are they really jobs? do they benifit anyone? would it not be better to fire them and let them do something productive?

as for your family, boo hoo, my heat bleeds, im playing a violin right now as i type this to express my sorrow!

dunstonh

i work in R&D and i look foward to the day when unemployment goes up weekly!

there is no benifit to humanity in jobs that actually produce no wealth.

R&D is hardly has a 100% positive hit rate does it.

you can pay one man to dig a hole and another to fill that hole right back up again

And you can pay people in R&D to find multiple ways of digging the hole and filling it again but it still doesnt change the end result.

cells

dunstonh wrote: »

R&D is hardly has a 100% positive hit rate does it.

And you can pay people in R&D to find multiple ways of digging the hole and filling it again but it still doesnt change the end result.

i believe i add wealth to my corporation, hence i do not fear for my job. Anyone who adds wealth via their job will be secure, hence why i said, if "mortgage advisers" add wealth they need not worry.

even if i lost my job i would not be here starting topics of "please support your local R&D team!" not would i be telling you about "my poor kids, what will they eat?"


good luck to you all, if you get fired understand that what you where doing, you where doing badly or the market had no need for you! re-tool , re-skill, & move on!

BrokeRage

Graeme7777 wrote: »

Hi,

So, after all the to-and-fro in this thread, are the advisers any clearer about the road forward for them?

It isn't about that....the thread was about the value a broker adds to the process of identifying and obtaining a mortgage and, apart from one idiot who thinks we do a manual job like digging coal or delivering milk, there was some interesting input. Apparently, he can play a violin and dig his own coal, so he can't be all bad.

My own way forward will be to charge a fee (reluctantly) and offset mortgage commission against it, with a pro bono approach to anyone not in a position to pay.

In terms of the coalminer/milkman thing is, the whole point is that we have the technical knowledge and the software to make full use of new technology to assist our clients.

I am proud to be a middle-man, as I believe that I do add value to the transaction in many ways. The big companies involved in finance want their potential clients on the net, avoiding real human contact and being encouraged to avoid independent advice.

I am sure that the R&D guys involved in developing this kind of thing only have the interests of the public at heart (not), but when the UK has been reduced to consumers, shareholders and van men (ex-milkmen?) delivering Chinese goods (and Polish coal), where will the wealth come from then?