Advisers account for increasing amount of ANZ loans
It its full year results ANZ says that 39% of its home loans were originated through mortgage advisers compared to 34% in the previous year.
Previously the bank split out who much came via its mobile mortgage managers, but that number has now been incorporated into its "proprietary" channel numbers which are essentially its branch network.
ANZ chief executive David Hisco acknowledged advisers were an important part of its distribution and that the bank had "a pretty strong proposition" in this channel.
He also thinks that its remuneration model, of upfront rather than using trail commissions is correct.
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