Broker Trust achieved a gross commission turnover of CZK 1.04 billion last year, which represents a year-on-year increase of 33 percent. On the Czech market, Broker Trust strengthened its position in the volume of intermediated mortgage loans and also significantly increased the volume of funds in investment deposits compared to the previous year.
“The basis for the high growth was the fantastic work of the employees and cooperating partners, for which they deserve a big thank you and, given the market conditions, our admiration. We are also pleased with the interest of new partners. Of the total number of advisors who joined broker pools in 2016, more than half of them chose Broker Trust,” says Michal Knapp, CEO of the company, adding other figures: “Last year, our partners helped clients arrange mortgages for CZK 17.7 billion, which is more than a third of the increase compared to 2015 (+35%), while the market grew by ‘only’ 20% over the same period. In the Czech Republic, we have an eight percent share of the mortgage market and we are the second largest mortgage broker.” Loans mediated by the company exceeded a total of CZK 19 billion.
The volume of client funds managed by advisors serviced by Broker Trust reached almost five billion crowns (CZK 4.8 billion). This is a year-on-year increase of 43.5 percent compared to 2015.
“Clients’ interest in investments has been growing for a long time. We also reflect this in our strategy. We have further strengthened our investment team, which was joined by Michal Valentík, who previously worked as the chief investment strategist of ČP INVEST, at the beginning of the year,” says Michal Knapp.
The company also recorded a 30 percent increase in production in terms of written contractual premiums in the area of life insurance, although last year the market as a whole declined by approximately two percent. In the case of non-life insurance, the results show a year-on-year growth of 33 percent.
As a broker pool, Broker Trust focuses on service and analytical support for its contractual partners – financial advisory firms and independent professionals. According to Michal Knapp, the year 2017 will be marked by further significant innovations in existing online methodologies and analytical software, which are being compiled by a ten-member team of product analysts at the Broker Trust headquarters. A completely new investment platform is also a priority.
“Financial consulting is changing, clients and advisors are more demanding, and modern technologies are increasingly interfering with our industry in addition to regulation. We are accelerating the development of IT and education even more this year. We will introduce new analytical tools. We are improving our modern consulting portal BeTy, we have an expert in the team who is fully dedicated to further improving the user experience. We work intensively with financial advisors in this regard, and their feedback, preferences and suggestions play an important role in the direction of the entire system,” says Michal Knapp.
Broker Trust cooperates in the Czech Republic with more than two thousand active advisors who offer over 500 products. Last year, for the third time in a row, the company received the Czech Stability Award certificate, awarded as part of the CZECH TOP 100 ranking in the Most Stable Company of the Year category.
Press release Broker Trust