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In this instalment of our Growing your Brokerage series, The Adviser finds out how brokers could successfully merge with other brokerages to achieve operational efficiencies and scale, and why sharing a common vision is critical for the newly merged business to thrive.
There has been a whirlwind of activity in the home loan space as brokers write record levels of mortgages and ramp up recruitment for additional staff to help meet skyrocketing client demand. But as brokers spend long hours operating their brokerages and struggle to strike a balance between their personal and professional lives, many brokers have been turning their minds to scaling their business to improve productivity, reduce work hours to achieve that elusive work/life balance, and, of course, increase profitability.
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