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One elite broker – who found the process of switching aggregators difficult – offers other brokers advice on how to effectively navigate the transition.
When Sydney-based broker Andrew Algie, of Addisons Advisory, realised his aggregator’s price model didn’t quite fit his own, he decided to make the switch. But he found the process “painful”.
“[It was] extremely painful. I was a portion of the size I am now, and they say it’s relatively easy, but if I were to do it again, I’d put someone on full-time to transfer us,” Mr Algie said.
For brokers thinking of switching, Mr Algie recommends making the move early, instead of trying to make it work with a current aggregator.
“You get to a size where it becomes very restrictive in relation to trying to move,” he said.
“I would suggest that you do your research on aggregation. One of the key things is to really get the right group.”
Mr Algie, who made the Elite Business Writers ranking this year, wrote total volumes of just over $140 million.
Learn more about how this ambitious broker runs an efficient and successful business.
[Related: Switching aggregators: Making the switch]
