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Debt management firm: Advisers could be building a repeat income

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Debt management firm: Advisers could be building a repeat income

Intermediaries are missing out on valuable repeat income from cases where clients are referred for DMPs (debt management plans) according to Andy Moody, Managing Director of TCF Debt Solutions. 

TCF Debt Solutions, which is still the only debt advice company working exclusively with intermediaries, pays a trail commission on every case for as long as the case remains active.
Mr Moody said: “At this time, we are the only debt advice company which offers intermediaries such a valuable extra income stream. This is a great way of building up a new regular income stream as well as keeping the intermediary in touch with his client throughout the plan’s life. By paying away an extra sum every month as trail commission, we are able to maintain a productive relationship with the adviser and his client and provide extra incentive to use TCF Debt Solutions.
He added: “Our fee structure is among the lowest in the industry but we feel it is important that introducing brokers do not lose contact with their clients and in this way, we maintain an excellent dialogue and ensure a growing income stream for our brokers while guaranteeing that when the time comes, they will be in a position to help their clients with remortgaging or other financial services requirements.”

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