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BDS reports 500% increase in AR members

BDS Mortgage Group says it has signed up over 100 appointed respresenatives in the last year, a 500% increase from this time last year.

It has now set itself a target to double in size in 2007.

The network says this growth is a result of business initiatives and key staff appointments including the formation of a network processing team.

It says it is also down to the appointment of a group relationship manager, the introduction of an ‘introduce a friend’ scheme, bespoke training and development courses, enhanced life panel availability, technology advancements and an onsite and roving compliance support.

The networks also reveals it has around 15 more ARs in the pipeline and is kicking off a full programme of events in 2007 offering ARs the opportunity to grow their businesses.

Phil Jay, managing director of BDS, says: The recent Financial Services Authority review of directly authorised brokers has highlighted the vulnerability of many.

We are using this opportunity to offer firms a compliant and competitively prices route to market.

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