Home-based HNW IFA - clients provided

Reed Insurance
£35,000 per annum
29 Jul 2017
20 Aug 2017
Contract Type
Full Time
Our client is a firm of Chartered Insurance Brokers, and Chartered Financial Planners. They have a home-based IFA vacancy, covering a fairly large patch, mostly around the West Midlands, with some travel north and south of that. There is an existing client bank of up to £5m in FUM to take over, with the majority of the recurring income at 1%. In addition to this, the company has maintained connections with a small number of professional affinity groups for the last 20 years. These are mostly Dentists (50%) and Vets (30%), with the other 20% made up of Optometrists and Pharmacists.

Leads will be verified before you meet the client, by 1 of 2 telephone based Advisers at head office. They will also deal with lower level advice on the phone, so this will be a genuine HNW IFA position.

A £5k annual bonus based on file quality and compliance is as good as guaranteed if you do your job properly, and you'll also receive bonus if you add at least £2m in new FUM per annum (all 7 Advisers across the UK have comfortably achieved this in 2016), and another bonus based on fee income. Bonuses are uncapped and with the volume of leads you'll receive, a proactive IFA should comfortably earn £50k in their 1st year and add around £10k per annum to this.

The company is fully committed to their IFAs achieving chartered status, and they all sat AF5 in October and AF4 to follow in April.

Full admin and paraplanning support will be provided from head office. Appointments will also be booked on your behalf.

Reed Specialist Recruitment Limited is an employment agency and employment business