Franchise Spotlight: Finance
There’s money to be made and start-up costs and overheads are typically low.
Among other things, financial services include insurance, retail and investment banking, private equity, and asset-based finance and leasing.
A supportive regulatory environment and highly skilled workforce have helped to make Australia a major global player in these sectors, market research shows.
The future of the finance industries could look brighter still if the government succeeds in its plan to simplify financial services regulation.
Franchise market analysis
With no need for inventory or (usually) premises, financial services franchises are often comparatively low investment, low overhead business opportunities.
Would-be finance franchise owners may or may not need certain industry accreditations or experience to be considered viable candidates, depending on the franchise.
The franchisor will help franchisees plug any gaps in their knowledge and comply with regulations, as well as provide ongoing support in every area of running the business.
For a minimum investment of $16,595, aspiring franchisees can become currency traders through Forex Smart Trade and leverage the firm’s “super-accurate proprietary trading indicators”. They needn’t be experts in statistics to trade on the Forex, futures and stock markets through company-funded trading accounts, keeping up to 80% of trading profits along the way.
AMS Financial Group helps Australians secure home loans, with residential mortgages the prime focus. Owned by Westpac, Australia’s oldest company, it promises franchisees strong upfront and trail commission.
Aussie , a mortgage brokerage, has 210 franchised units plus a $70 billion loan book managed by a 1,000-plus broker network. Having diversified into to business loans, asset finance, and home and contents insurance, The Adviser’s top brokerage between 2013-2020 offers franchisees multiple revenue streams, millions of dollars’ advertising spend and help from more than 200 support staff.
Aspiring franchisees with an interest in legal and financial franchises might also consider thriving bookkeeping and accountancy franchises such as TaxAssist Accountants, H&R Block and ITP.