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Resolve Finance has forecast 23 per cent annual growth thanks in part to a hiring policy that involves paying a base salary to new recruits.
General manager Don Crellin said the Perth firm had enjoyed its largest settlement month on record in May and would exceed that figure again in June.
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He added that business was going so well that volumes were set to jump 23 per cent year-on-year in 2013/2014.
Resolve Finance placed fifth in the Top 25 Brokerages list – up from ninth the year before – and claims a loan book of $3 billion.
Mr Crellin told The Adviser that one reason Resolve had been performing well was because of a new hiring policy that was introduced 18 months ago.
Resolve decided to offer new brokers a base salary because of the difficulty in attracting quality recruits to a commission-based industry, he said.
“We’ve been rewarded in spades. It was a risk at the time but one that’s paying off handsomely,” he said.
Mr Crellin said the firm wanted to hire more brokers to keep pace with rising demand.
Resolve generates about 70 per cent of its business from the construction sector, he said.
[Related: Resolve nominated for Brokerage of the Year]
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