Frequently Asked Questions
We've listed below the most frequently asked questions about the Brokerplan opportunity. If you have any further queries or for an immediate confidential discussion please call our team directly on 0845 519 3671
- Q - Who are Brokerplan ?
- Q - What is the Brokerplan Program ?
- Q - Who is the Brokerplan Program open to ?
- Q - What will I be offering as a professional Broker ?
- Q - What does the Brokerplan Program cost and what is covered ?
- Q - What happens when I’ve completed the initial Brokerplan Training ?
- Q - Is the Brokerplan Program a Franchise ?
- Q - What are the Rewards and Projected income operating as a Professional Broker?
- Q - What does the Brokerplan Business Support Package consist of ?
- Q - What is Brokerplan Shared Opportunity Support (SOS)?
- Q - How will I develop new Business Opportunities?
- Q - What about the current recession, what is the demand for these services?
- Q - What Equipment and Facilities will I need to have in place?
- Q - What Business Licenses, Insurance and Regulatory Cover will I need ?
- Q - When and where are the Brokerplan Business Training Workshops held ?
- Q - I’m seriously interested in this opportunity how do I proceed from here ?
Brokerplan is the Partner training and support division of White Rose Finance Group an established, succesful and highly respected Financial Services Brokerage and Business Consultancy based in Selby, 8 miles to the south of York.
Geoff Wilson the founder of the firm has 25 years business finance experience and has managed a number of very successful ventures.
The present company was formed in 2004 and now comprises a team of 10 Qualified Consultants and Support staff. Since formation the firm has enjoyed a period of sustained and profitable growth offering a broad range of Financial Products and Services to both Corporate and Consumer clients. The company is run by a mature, successful and very experienced management team who now wish to expand their proven business model via the Brokerplan business concept in to other areas of the UK.
The Brokerplan program offers comprehensive, world-class training and business support designed to empower any motivated individual to establish their business and a significant income opportunity operating in the SME Business environment as a Professional Commercial Finance Consultant / Broker.
We offer a number of different business options tailored to suit your exact needs and objectives going forward. This ranges from a comprehensive, fully Independent and autonomous Brokerplan Business Owner Package through to the Brokerplan Business Partner and Associate Financial Consultant programmes. Each of the latter two faciliate either full time or part time involvement working in partnership with our Consultancy Team.
However you choose to engage with Brokerplan you will be trained and supported to develop your skills as a fully experienced and professional Finance Consultant / Broker with significant earnings potential.
Each of the Brokerplan programmes commence with a comprehensive residential training workshop. The training is structured to ensure that your business is set up and launched effectively and that you are fully familiar and confident with the extensive range of Commercial Finance Services that you will be offering your clients. In addition you will learn about a broad range of proven business development and marketing techniques which will ensure you quickly get started in your new business venture to generate opportunities and income.
You will be trained and fully supported with the backing of one of the most experienced financial consultancy teams in the UK. As you become established with a growing client base, your business will gain value and will become a significant business asset for future sale or for inheritance by a family member.
Our support package includes all you need to succesfully launch your new business including fully comprehensive Business Administration and Marketing / Lead Generation modules. Our support team will be on hand for the lifetime of your business to give day to day guidance and advice on how and where to qualify and process your business opportunities and, importantly, how to optimise the fee and commission structure on each business deal.
The Brokerplan Programmes are open to individuals of any age and gender and from any business background. It is not necessary to have previous Financial Services experience, above all else you will need to be enthusiastic, motivated and have the desire to establish and develop Business as a Professional Finance Consultant.
You will need the capacity to absorb and learn from our comprehensive Business Training Programme and ongoing you need to have the confidence to develop business from a broad range of SME Businesses and also from Consumer clients.
Applications are also invited from current Trading Businesses and Professional Practices wishing to develop these Financial Services skills and generate additional income streams. We believe the Brokerplan Program will be be particularly beneficial to Accountants, Solicitors, Business Advisors & Consultants, IFA's and Commercial / Residential Property Agents who wish to develop a valuable new income stream within their practice.
As a fully trained and supported partner on the Brokerplan Program you will be offering your clients access to a very broad range of Commercial and Business Financial Services. Because of the breadth of services in your portfolio you will have multiple fee income opportunities with each client and not be focussed on any one narrow revenue stream.
The initial training workshops covers the key aspects of business qualification and underwriting each financial product, comprehensive details of the lender partners you will be working with, lending rates and terms and, importantly, how to recognise and develop new business opportunities. The products covered will include:
- Commercial Property Loans and Trading Business Mortgages.
- Investment and Buy To Let Mortgages
- Short Term Bridging Finance
- Property Development Finance for New Build and Refurbishment Projects
- Asset finance, Leasing and Hire Purchase arrengements
- Cash Flow Improvement , Factoring and Invoice Discounting Services
- Trade and Stock Finance
- Retailer and Merchant Finance Solutions
- Personal Secured Loans and Residential Mortgages
- Debt Management Services, Insolvency and Business Restructure
- Business and Personal Insurance Services
- International Mortgages and Property Finance
- A range of valuable ancillary Products and Services to offer clients
The cost of the Brokerplan Program is dependent on the actual program you elect to take and the agreed structure.The Investment level starts at £2,995 for the Associate Financial Consultant program , £7,995 for the Brokerplan Business Partner program and £15,000 for the comprehensive Brokerplan Business Owner package . The Brokerplan Business Partner and Authorised Introducer options include a full and contractual refund of all the Program set up fees on an incremental basis.
Be assured that whichever Brokerplan option is best matched to your own ambitions and business objectives it will include the following:
- Comprehensive Business and Commercial Finanace Product Training
- Marketing and Lead Generation Support
- Business Administration Package
- Industry Leading Fee and Commission Income Payments
- Nominated Business Development Manager
- Consultant Support on all Business Opportunities
- Executive 'Mentorship' for the life of your business
Upon completion of the Brokerplan Training Course the intention is that you will be fully enabled, motivated and ready to immediately launch your new venture.
Fundamental to all the Brokerplan Program options and completed during initial training is the development of a fully worked 'first 90 day' business development programme to ensure direction and focus in the early days of your new business. From the outset our Business Suppport Team will be availble to discuss and support any new Business opportunity that you identify or are in the process of developing to ensure maximum success with all opportunities. All Brokerplan Programmes offer 1:1 professional mentorship by an executive member of our team.
No, the Brokerplan Program is not a Franchise.There are no geographic or territorial restrictions on where you conduct business and you keep 100% of all business income generated from the chosen Brokerplan program. There are no ongoing monthly license fee charges or contract renewal fees other than a modest quarterly Business Support Fee which is paid from the second year of operation onwards. The Quarterly fee is currently set at £125 per quarter and covers a number of standard business services including web site and e-mail hosting , domain renewal , technical support etc. as well as the services of the nominated Business Development Manager.
The rewards for success as a Professional Consultant / Broker in the Commercial Finance environment can be very significant. Many Commercial Loans, Mortgages and Property Development facilities can run in to the millions of £ and we will provide full training and guidance on how to target and develop this type of business.
As a Commercial Consultant / Broker you will set a target fee income from each project based on a number of factors including the complexity of the deal and the amount of time needed to ensure succesful underwriting of the case. It is difficult to generalise but a competent Consultant / Broker should target overall fee income in the range 1.5% to 5% of the funded amount for most commercial projects. As a professional Consultant your fee income on most cases will generally include a client retainer fee to ensure your base costs are covered.
We have developed detailed Business Revenue Plans for each of the Brokerplan Program Options. To give some indication, for Brokerplan Business Owners working full time on the venture, the first year pre-tax net profit is projected at £75,000 We estimate that Brokerplan Business Partners should earn between £40 K to £60 K in the first year for full or near to full time working.
Income projections are distributed across the entire range of Products and Services that you will be offering to your clients but with the emphasis on the larger Commercial Loans and Property Development Projects.Rewards of course are not just limited to financial income, working as a Commercial Finance professional will offer significant job satisfaction in helping SME clients to access funding crucial to their business requirements.
Results will of course vary dependant on the individual and the amount of time you have available , for this reason neither Brokerplan or White Rose Finance Group can offer no guarantee of future income.
The comprehensive Business Support Package with Telephone and On-Line Support is provided by our team of experienced Business Consultants and is available for the life of your business.You will be provided with a named Business Development Manager ( BDM) to provide general advice and guidance on any business matter with further case support as necessary from our specialist Consultant team.
Daily Business Support to discuss new and ongoing cases is acccessed via an 0845 local rate number or via e-mail and is available Monday to Friday from 09.00 am to 5.30 pm. All enquiries and support requests will be acknowledged and actioned within a target response time of 2 working hours which may extend in to the next business day.
The allocated BDM will also be responsible for organising and supervising all requested Marketing and Lead Generation initiaitives including, but not limited to, direct mail-shots , e-mail marketing , brochure designs, newsletters etc.
Designed specifically for Brokerplan Business Owners, you will have the 'safety net' and comfort that in the early weeks and months of your new business venture you can, if required, get a closer working support on any particular opportunity or complex case via our Shared Opportunity Support (SOS) Service.
In practical terms when electing to pursue an opportunity under the SOS Service our Consultants will provide all the necessary underwriting and consultancy support to qualify the opportunity and to progress the project through to succesful completion. At all times you will retain day to day client ownership and normal business contact with the client with our Consultants acting as your specialist support partner. Under the terms of the Brokerplan SOS service agreement all fees, commissions and consultancy income from an SOS case will be split between you and Brokerplan - generally on a 50:50 basis.
Your primary aim will be to quickly establish and fast track the launch of your Commercial Finance Consultancy and Brokerage in your local / regional area and the major surrounding business conurbations. At Brokerplan we have a very broad range of proven Business Development and Lead Generation Techniques, Tools and Methods which have proved extremely succesful since the launch of our business in 2004.
You will learn what works (and what doesn't) and benefit from the significant experience that we have in our team.The emphasis of the Business Development and Marketing modules of the Brokerplan Training is to conserve working capital in the early stages of your business and as such the majority of our Business Development initiatives will be at relatively modest cost ( or in many cases no cost ) to your business.
A professional web presence is a fundamental part of your Business Development plan and the Brokerplan Programmes offer a fully developed and working web site ready for your business launch to promote your business and capture new opportunities. The web service provided includes domain name, e-mail server and web hosting.
In addition to the Business Development Plan we will provide a range of essential Business Development tools and support including marketing templates and letters, e-newsletters, a database of 2.5 million business prospects, client case tracking software, e-mail marketing platform, 0845 business numbers etc.
As a result of the so called 'credit crunch' and the global recession there is a very significant and growing demand for the professional services you will be offering. With the near collapse of a number of the UK's major High Street banks (and subsequent bail out by the Governement ) this has left a major void in the supply of reliable business finance. In the UK there are almost 5 million small to medium sized businesses (SME's) and a significant majority of which will have had some need of additional financial support.
Whilst the situation with the High Street Banks has eased significanlty in recent months there are still significant numbers of business clients needing the support of a Professional Finance Consultant / Broker. At Brokerplan we give you direct access to over 200 alternative lending organisations all keen to lend to the right proposition and we provide the necessary skills and support to ensure you can quickly qualify and identify the right lending Partners for your clients.
The Brokerplan Program can be very succesfully implemented from your own home office location. Efficient telecommunications and Information Technology are essential requirements in order to ensure that you operate an efficient and Professional Consultancy / Brokerage business. We strongly recommend the following equipment and services are in place prior to commencement of business and we will either directly provide these as part of the package or give best advice
- Efficient and Reliable Broadband Installation
- Separate Exchange Line to receive incoming calls / fax with voice message handling / call forwarding services
- Dedicated 0845 'local rate' non geographic number - Brokerplan Provided
- Modern High Spec Lap Top or PC - Brokerplan Lap Top Provided ( Business Owner Package only)
- HP or similar 'all in one' colour printer / fax / scanner / copier
- Professional Commercial Finance Web-Site with client enquiry / call back facilities - Brokerplan Provided
- Registered web domain name - Brokerplan Provided
- Web site hosting package - Brokerplan Provided
- Business e-mail adress(es) - Brokerplan Provided
- Office grade paper shredder for confidential document disposal
- Office grade laminator for poster production
- Web based database software and CRM system - Brokerplan Provided
- E-Mail Marketing Package - Brokerplan Provided
Operating a Commercial Consultancy / Brokerage requires a valid Consumer Credit License (CCL) to be in place to cover any agreements you transact which are regulated under the Consumer Credit Act. We will guide you through the process and advise on the type of license to acquire. In addition your business may need to register with the Data Protection Controller . Again we will advise in this regard .
Working as a Brokerplan Business Partner ( under the White Rose Finance Brand ) or as an Associate Financial Consultant ( AFC ) you will not be required to obtain your own Consumer Credit License as we will provide the necessary cover for you.
Some financial products are deemed to be ' regulated ' by the Financial Services Authority (FSA) and as such the advisor needs to have specific qualifications, an example of this would be advice given to a client for a mortgage on their home property. The Brokererplan business training will fully detail the regulations in this regard and demonstrate exactly how your business should be structured to deal with and still earn referral fee income from such ' regulated ' opportunities.
Brokerplan Training is delivered good quality Conference venues in the York area. The Brokerplan Training takes place over either 2 or 3 consecutive days dependant on chosen package ,commencing at 09.00 am and generally finishing at 5.30 pm. All delegate costs are included in the applicable Brokerplan Program Fee including Bed and Breakfast accommodation at good quality locations.Our administration team will be on hand to assist you with the travel and accommodation bookings as necessary. For details of the Brokerplan training syllabus please see the training details and for the next scheduled training course dates please see the panel to the top left of this page.
We thank you for your time and interest in this overview of the Brokerplan Program. To proceed to the next stage and to speak with a memebr of our Management team please contact our office as below or alternatively please submit the confidential Brokerplan Enquiry form and a member of our team will be in contact.
Telephone : 0845 519 3671
e-mail : email@example.com