With a no cross-selling agreement in place, advisers can deal with all of their clients’ financial needs safe in the knowledge that nobody will poach that client and they will earn 30% of any commission on that product.
The Right Mortgage and Protection have launched a referral service, equity release and PMI sales processes and announced they will pay members their commissions on a weekly basis.
The referral service allows members to refer business that they do not conduct to the network which will act as a representative of the adviser in finding the client an appropriate product.
With a no cross-selling agreement in place, advisers can deal with all of their clients’ financial needs safe in the knowledge that nobody will poach that client and they will earn 30% of any commission on that product.
Martin Wilson, chief executive at the network, said: “We are delighted to make these announcements which have been the product of much adviser feedback. Weekly commissions has been one of the main features that has been requested and so we are thrilled to now be able to offer this.
“The launch of the referral service as well as our equity release and PMI propositions shows our aim to give all of our advisers the opportunity to provide their client with a holistic financial planning service and achieve the best possible customer outcomes.”
Adam Stretton, managing director, added: “Our already strong proposition continues to grow and we are certain that this will have a significant positive impact on our advisers’ business.”
