Self-Employed IFA - Up to 97% Splits

Recruiter
Reed Insurance
Location
Englefield
Posted
11 Aug 2018
Closes
09 Sep 2018
Job role
Accountant
My client is an award winning up and coming network, owned by a national DFM who are recruiting for Advisers across the country.
Their team are all self-employed and look for the following;

Advisers:

with client banks around £15M FUM
who understand the benefits of outsourcing investment expertise to DFMs
who want to legally ‘own’ their own clients
who have the opportunity to utilise ‘high risk’ products such as EIS/VCT and AIM when they suit the client
have good supervisory and compliance support
have capped network fees (which include PI cover, FCA fees and FSCS fees plus other items) which can be reduced to zero
who want to work for a friendly, professional and growing network (highly commended in the Network award at Professional Adviser Awards earlier this year)

With your client following you would join on an 80/20 split. Once you have written £150k in fee income this goes up to 97%. All costs, marketing etc are included.

Once you have been with the firm for over a year and have £20m FUM on their preferred panel of DFMs, they will pay a percentage of the management charges back as an annual bonus. With £20m FUM on their preferred panels, this would be equivalent to covering the £30k network threshold required to hit the 97% split

They have 120 advisers nationally and people who have been with them for a few years are earning north of £120k on average.
There is also a new referral scheme in place from the parent company who will be referring clients to Advisers of the network.

This is by far the best self-employed option I know of for established Advisers with clients.
They have a 2 stage interview process which is conversational, no tests etc, and they will come to you for an informal chat over coffee.
60% of their current Advisers joined from an employed background so they can offer guidance and support in migrating clients.

If you are interested, I have full marketing material I can send to you,

If this position is of interest please do not hesitate to apply or get in contact.

ben.bransburyhare@reedglobal.com

Reed Specialist Recruitment Limited is an employment agency and employment business

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