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One first-year principal has set himself the goal of hiring staff after moving out of the home office in which he founded his business.
Mark Stevenson founded Nepean Financial last September and took up some spare office space in a local law firm earlier this month.
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Mr Stevenson said he had made productivity gains from moving to a more professional environment and now also had a suitable space in which to receive clients.
He also told The Adviser he had already referred clients to the law firm’s conveyancing team and expected referrals to eventually flow the other way.
Mr Stevenson said his initial goal when he started his Sydney business was to match the income he earned during his previous stint as a Mortgage Choice franchise manager.
However, placing Nepean on firm foundations has now made him more ambitious, he added.
“I would like to get to the stage where I can be busy enough to outsource the administration of the loans,” he said.
“The next step is to then be able to sustain my own loan administration staff. I would eventually like to get into my own shopfront and have a properly presented local office in a good location in the local [Penrith] CBD.”
Mr Stevenson said he was settling $1.5 million of loans per month and soon hoped to reach $2 million.
