Financial Broker

Trade commodities and arrange insurance and loans of money on behalf of clients as an independent agent.

Financial Broker

Financial Broker

Roles and responsibilities

Finance brokers:

  • monitor commodity prices, trends and other factors affecting the supply and demand for commodities
  • negotiate the purchase and sale of commodities such as grains, wool, minerals and metals
  • determine the specific financial and insurance requirements of clients
  • research and review available finance and insurance products for suitability to meet clients' requirements
  • analyse clients' financial status, discuss financial options and develop financial strategies
  • recommend loan combinations that meet client needs
  • interview prospective clients to explain insurance policy conditions, risks covered, premium rates and benefits and to make recommendations on the amount and type of cover
  • arrange insurance, home loan mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies
  • prepare documentation which set out the conditions of finance, repayments and loan periods
  • identify and advise on significant risk changes to clients' insurance
  • broker complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers
  • ensure compliance with financial legislation and standards

Source: Australian Bureau of Statistics

Finance brokers:

  • monitor commodity prices, trends and other factors affecting the supply and demand for commodities
  • negotiate the purchase and sale of commodities such as grains, wool, minerals and metals
  • determine the specific financial and insurance requirements of clients
  • research and review available finance and insurance products for suitability to meet clients' requirements
  • analyse clients' financial status, discuss financial options and develop financial strategies
  • recommend loan combinations that meet client needs
  • interview prospective clients to explain insurance policy conditions, risks covered, premium rates and benefits and to make recommendations on the amount and type of cover
  • arrange insurance, home loan mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies
  • prepare documentation which set out the conditions of finance, repayments and loan periods
  • identify and advise on significant risk changes to clients' insurance
  • broker complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers
  • ensure compliance with financial legislation and standards

Source: Australian Bureau of Statistics

Undergraduate Courses To Become

Financial Broker

Recommended major/s to pursue this career
Other relevant majors include:
Postgraduate Courses To Become

Financial Broker

Course work courses to pursue this career
Postgraduate qualifications are usually required to become fully qualified as a financial dealer and broker.

Courses are run through Financial Services Institute of Australasia (Finsia) and the Financial Planning Association.

Depending on the specific role, you may be required to be licensed or registered in order to work in this field. Details can be found on the Australian Securities and Investments Commission website. You may also be required to hold a certain level of membership with a particular professional association.

Contact the Financial Planning Association or Finsia for further information.