Mortgage Choice has reported a 30% year-on-year increase in inforce insurance premium for the third quarter.

While not disclosing the third-quarter sum, in its half-year result the mortgage broker recorded $22 million of premium.

CEO John Flavell says financial planning revenue has grown to record levels.

“Throughout quarter three, the financial planning division has gone from strength to strength, with the value of funds under advice surging 59%... in comparison to quarter three [the previous year],” he said.

“Our network of mortgage brokers understands the value of providing their customers with access to professional financial advice.

“As a result, a larger proportion of our customers’ wealth needs are now being met.”

Mr Flavell says adviser numbers have also continued to increase, but gives no specific numbers.