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For the second consecutive year Simplicity has been named to the Top 25 Brokerages in Australia. One of the only Commercial only businesses in the Top 25 list. This years result has the group placed at second in Australia at productivity with $78M per broker manager - a statistic that we are particularly proud of.
"We have some strong business strategies in play which hopefully sees us make a run at the top 10 for the 2022 rankings". says MD Matthew Johnson. Simplicity improved its ranking from 21 last year to 17 in 2021
Read the full article here
How is the ranking compiled?
The Top 25 Brokerages ranking is based on figures from the 2020 financial year.Each brokerage was asked to provide several business metrics from 2020, including volumes, number of loans written, years in business, overall book size, number of brokers, number of support staff and more. The information published is based solely on what was provided by brokerages and has not been manipulated in any way by The Adviser.
How was the ranking scored?
The final ranking was determined by scores in six key areas: total book size, total loans selected in 2020, total volume of loans settled in 2020, book size versus years in business, total number of brokers and average broker volumes for 2020 (i.e. volume numbers divided by actual number of brokers).
Each of the brokerages that entered was given a ranking score in each category from 1 to 25 (1 being the best). The six scores were then added to give a final overall score. The lower the score, the better the ranking.
The Adviser’s Top 25 Brokerages 2021