The best sub-aggregators for your brokerage are the networks whose lender access, support and trail terms match the business you want to run. Vision suits brokers seeking boutique support and mentoring. MoneyQuest suits a branded franchise, while Nectar has branded and own-brand paths.
Compare the ten options below by operating model before comparing their fees. The list includes boutique aggregators and broker networks as well as sub-aggregation arrangements. A smaller network does not automatically mean a sub-aggregator.
How Sub-Aggregators Fit Under a Parent
In a sub-aggregation arrangement, the network holds the relationship with the parent aggregator. You write only the lenders available through that appointment and your accreditations. Marketing support cannot restore access to a lender the parent has dropped.
The named credit licensee authorises you to act under its Australian credit licence. It notifies the Australian Securities and Investments Commission (ASIC) using form CL30 within 15 business days. Section 71 of the National Consumer Credit Protection Act 2009 sets that notification period.
Form CL50 is the licensee's own annual compliance certificate. It is separate from your appointment. Credit authority is national under ASIC, so the network does not issue a second state licence.
Software and compliance coaching do not replace your best interests duty or Credit Guide. Identify who supervises your credit activities and who handles file reviews. Read how sub-aggregation works for the underlying arrangement.
10 Mortgage Broker Network Options to Compare
Vision Aggregation
Vision Aggregation has Infynity, integrated compliance support, ongoing training and a broker mentor program. Its boutique service suits new brokers seeking mentoring or established practices wanting direct access to a smaller support team.
Vision promotes tailored commission models. Compare the written split with the services included, then read the exit and ongoing trail clauses. A tailored package needs a clear fee schedule.
Specialist Finance Group
Specialist Finance Group (SFG) is a family-owned Australian aggregator with an emphasis on one-to-one member relationships. It suits an independently branded brokerage that wants personal support alongside an aggregation agreement.
Obtain the lender panel and appointment terms for your proposed arrangement. Test its application tools with a recent file and compare the split after all recurring charges. Its presence here does not imply that every SFG appointment is sub-aggregation.
Liberty Network Services
Liberty Network Services (LNS) combines the Liberty Adviser brand with Spark+, mentoring and marketing support. Its lending categories include residential, motor, commercial, business and self-managed super fund loans.
LNS suits brokers seeking a branded network with several lending categories. It is wholly owned by Liberty Financial. Compare the provider panel and the role of Liberty products with the clients you serve, then examine brand obligations and exit terms.
Custom Equity Group
Custom Equity Group presents itself as a broker-owned group established by brokers for brokers. Its network includes mortgage, finance and commercial brokers. It suits a brokerage that wants a broker-led group and support across different lending work.
Read the membership terms to understand what broker ownership means for your rights. Compare the accessible lenders, fee schedule and trail treatment with the proposed appointment. Ownership alone does not decide the value of an agreement.
Hai Money is no longer a joining option. Australian Broker reported that it shut down after Finsure ended their sub-aggregation relationship in 2026.
Buyers Choice
Buyers Choice is a boutique aggregator within the Money Quest Group. Brokers can use its brand or their own, with mentoring, business development and compliance support. It suits brokers wanting personal support while retaining a choice over their trading identity.
Compare the two branding arrangements on their actual fees and obligations. The proposed agreement must define panel access, trail rights and exit notice. Shared group ownership does not make Buyers Choice's terms identical to a MoneyQuest franchise.
Purple Circle Financial Services
Purple Circle Financial Services is listed in the Mortgage and Finance Association of Australia (MFAA) aggregator directory. It promotes broker ownership through member shares and has a Salestrekker setup.
Purple Circle suits brokers who want their own business identity and a network with member equity. Read the constitution or share terms alongside the aggregation agreement. Establish voting rights, what happens to shares on exit and how ongoing trail is paid.
outsource Financial
outsource Financial supports accredited brokers, referral partners and businesses combining both roles. Its ioutsource platform uses Salestrekker and connects application workflows with electronic lodgement.
The model suits independently branded businesses that want to write some finance and refer other work. Compare the payment terms for each role. A live demonstration must show the data export available under your proposed agreement and which services carry additional fees.
MoneyQuest
MoneyQuest is a consumer-facing mortgage-broking franchise with a proprietary dashboard, lead support and a training academy. It suits a broker seeking a structured branded business with central marketing support.
Compare territory rights and marketing levies as well as the commission split. Read how leads are allocated, who owns client relationships and what you can take on exit. For an existing brokerage, the obligations attached to adopting the brand can decide the fit.
Nectar Mortgages
Nectar Mortgages has a Nectar-branded franchise path and Nectar Broker Brands for independently branded businesses. Both paths have coaching and central support. Nectar promotes broker ownership of the business, client data and trail.
The franchise suits brokers seeking an established brand. Broker Brands suits an existing practice keeping its own name. Match the contract to the path you select, including territory, fees, included services and the process for taking data and trail on exit.
National Mortgage Brokers
National Mortgage Brokers (nMB) is a Liberty-owned wholesale aggregator for independently branded brokers. It suits a brokerage that wants Liberty group backing while retaining its own identity.
Compare nMB's panel and support with LNS because their operating models differ. Obtain the application-platform demonstration and complete fee schedule, then read the continuing trail provisions. Common ownership does not establish equivalent brand or contract obligations.
How to Compare Mortgage Broker Networks
Compare five points in each proposed agreement.
- Parent panel: identify the lenders you can actually access through the appointment and your accreditations.
- Commission and trail: total the split, recurring charges, clawback treatment and deductions from payments.
- Application tool: establish which platform you will use and what is included in the fee.
- Exit notice: record the notice period, restrictions and treatment of client data and trail after leaving.
- Named credit licensee: identify who authorises your credit activities and supervises the files.
A network that closes more files for another broker can still lack the lenders your clients need. Start with the lenders you actually lodge, then compare support among the groups that can write those files.
Ask, How is my trail held if the sub-aggregator is sold? The agreement must explain ongoing payment rights and who owes the payments. Compare these networks with the main mortgage aggregators if a direct appointment is also an option.
What Brokers Check Before Signing
Test the application tool and support response before signing. Send a realistic lender query and establish who owns the response. Ask how the group handles files sent back by lenders and late trail payments.
A flexible split can help a new book, but the accessible panel still has to fit your clients. Read the split and panel together. Establish the escalation process for an accreditation problem before it interrupts a live application.
Certificate IV in Finance and Mortgage Broking FNS40821 is the usual starting qualification. The separate Diploma course is Finance and Mortgage Broking Management FNS50322. The MFAA qualification rules require Certificate IV members to complete the Diploma within 12 months of joining to renew membership.
That 12-month requirement is an MFAA membership setting. It is not a general statutory deadline or a qualification supplied by a sub-aggregator.
Technology in a Smaller Network
Compare MoneyQuest's proprietary dashboard with Purple Circle's Salestrekker setup through a fact-find-to-submission demonstration. Use the same recent file so you can see where each workflow saves work and where staff must enter information again.
Check data export and duplicate handling. Identify which system holds the client record and what happens to attachments and notes when you leave. A dashboard demonstration must show the application process as well as business reporting.
Judge automation and document extraction by a working demonstration and the hours of manual work they remove. Check extracted figures against the original documents. The broker still records why the recommended product fits the client's objectives and circumstances.
Compare the Current Agreements
For three suitable options, record the parent aggregator, named licensee, accessible lenders, total commission split, trail treatment and live application system. Test the same recent files against each arrangement.
Choose the network whose support solves a recurring problem in your brokerage and whose written terms protect the income you expect to keep. If a direct parent appointment gives you the access and support you need on better terms, include it in the comparison.
