At a Glance
- Tasks: Build your own financial advisory business with full independence and support.
- Company: Established independent financial planning business with a growing network of advisers.
- Benefits: Earn up to 90% revenue share, access to marketing and compliance support.
- Other info: Opportunity for career growth and collaboration with other experienced professionals.
- Why this job: Enjoy entrepreneurial freedom while leveraging a robust support system to grow your client base.
- Qualifications: Must have Level 4 financial planning qualifications and existing client bank.
The predicted salary is between 49500 - 60500 £ per year.
An established and growing fully independent financial planning business is looking to attract experienced Financial Advisers who are interested in building their own business while having access to the infrastructure, support and expertise of a much larger organisation. The business currently supports 204 Financial Advisers, with ambitious plans to grow this to 250 Advisers.
As a self-employed Adviser, you'll have the freedom to build your own client proposition and set your own fees, whilst benefiting from a comprehensive support structure designed to allow you to focus on advising and growing your client base.
The Proposition
- Access to a significant infrastructure across paraplanning, administration, compliance and marketing, including:
- 34 Paraplanners
- 9 Support professionals
- 11 Compliance professionals
- Dedicated marketing support
- Full paraplanning and administrative functions
- Access to business consultancy and support from the owners
- A fully independent proposition
- The ability to create and set your own client fees
Earnings & Commercial Structure
The business operates a transparent revenue-share model designed to reward Advisers as they grow their business:
- 80% on revenue up to £150,000
- 85% on revenue between £150,000 and £200,000
- 90% on revenue above £200,000
- Standard RI fee applies
Business Ownership & Development
There is also an opportunity for Advisers who are particularly entrepreneurial to work more closely with the owners on business consulting opportunities. For Advisers looking to develop beyond their own client bank, there is also the potential for Advisers to become ARs together, creating opportunities to build and develop a wider advisory business alongside other experienced professionals.
Who Are They Looking For?
The opportunity would suit an experienced Financial Adviser who:
- Is already operating as a Financial Adviser and wants greater independence
- Holds the relevant Level 4 financial planning qualifications
- Has an existing client bank or demonstrable ability to develop one
- Wants greater control over their proposition and client fees
- Is entrepreneurial and commercially minded
- Values having strong paraplanning, compliance and administrative support
- Wants to build a long-term financial planning business rather than simply move into another employed role
Why Consider the Opportunity?
This is an opportunity to operate with genuine independence while retaining access to the infrastructure of a sizeable and growing financial planning business. With 204 Advisers already within the network and plans to reach 250, alongside dedicated paraplanning, support, compliance and marketing functions, Advisers can focus their time on what matters most, servicing clients, developing relationships and growing their business. For the right individual, there is also scope to develop beyond being a sole Adviser through business consulting and potential opportunities to build an AR structure with other Advisers.
Our Diversity, Equity and Inclusion Mission
At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.
Self-Employed Financial Advisor employer: IDEX Consulting Ltd
As a Product Governance Manager at our Lloyd’s Syndicate in London, you will thrive in a dynamic and supportive work environment that prioritises employee growth and development. We offer a flexible four-day work week, fostering a healthy work-life balance while providing opportunities to engage with senior leadership and make impactful contributions to our governance framework. Join us to be part of a collaborative culture that values innovation and excellence in delivering customer outcomes.
StudySmarter Expert Advice🤫
We think this is how you could land Self-Employed Financial Advisor
✨Show Off Your Expertise Online
In the banking and financial services world, sharing your insights on platforms like LinkedIn can really set you apart. Write articles about market trends or finance tips, and engage in discussions in relevant groups. This not only boosts your visibility but also highlights your knowledge to potential clients.
✨Join Freelance Platforms and Networking Events
Freelancing in finance can be competitive, so make sure you're on platforms like Upwork or Fiverr, specifically targeting finance gigs. Also, look for finance networking events or webinars to connect with small businesses that might need your services. Meeting people face-to-face (or online) can score you those elusive freelance contracts.
✨Build a Stunning Portfolio
Since you're going freelance, having a solid portfolio is a must. Showcase your previous work, such as reports or analyses, and consider using case studies to highlight your approach. The more you can demonstrate your skills, the easier it is for clients to trust you with their finances.
✨Direct Outreach is Key
For freelance gigs, don't wait for opportunities to come to you. Identify companies or startups that align with your skills and reach out directly. A personalised message introducing yourself and proposing how you could add value can go a long way. Plus, keep an eye on IDEX Consulting Ltd for freelance opportunities—they might have just what you’re looking for!
We think you need these skills to ace Self-Employed Financial Advisor
Some tips for your application 🫡
Showcase Your Financial Savvy:When applying for a freelance role in banking and financial services, we need to see your expertise front and centre! Mention specific financial regulations or tools you've mastered, and feel free to include your relevant qualifications, like CFA or ACCA, to bolster your credibility.
Build a Stellar Portfolio:Since this is a freelance gig, your portfolio is your ticket to impressing us at IDEX Consulting Ltd. Include examples of past projects you've completed—think financial analyses, investment reports, or forecasting models. Be sure to highlight the results you achieved!
Tailor Your Rates and Availability:We want to see that you're flexible and can align with our needs. Clearly outline your freelance rates, availability for projects, and whether you're open to long-term collaborations or just ad-hoc gigs. This makes it easier for us to understand how we can work together!
Craft a Compelling Cover Letter:In your cover letter, express not just your skills, but also why you're excited about joining IDEX Consulting Ltd. Share your passion for financial services and how you plan to tackle challenges in this sector. This is your chance to connect on a personal level—make it count!
How to prepare for a job interview at IDEX Consulting Ltd
✨Show Off Your Financial Savvy
When you're talking with IDEX Consulting Ltd, make sure to highlight your experience with financial modelling, risk assessment, or portfolio management. Freelance work often requires a good level of financial literacy, so prepare to discuss any relevant tools you've used, whether it's Excel or specific financial software.
✨Bring Your Portfolio to Life
A freelance role means you’ll want to showcase your previous work effectively. Put together a portfolio that not only highlights your projects but also demonstrates the outcomes - think case studies or success stories that showcase how your financial skills made a difference for past clients.
✨Know Your Regulations and Compliance
In the banking and financial services world, understanding compliance and regulations is crucial. Make sure you’re up to date with the latest standards as they relate to your expertise. Be prepared for specific questions about how you've navigated these in past roles or how you'd approach potential compliance challenges.
✨Be Ready to Discuss Your Rates and Availability
As a freelancer, the topic of rates and availability can come up early on. Be clear about what you offer and how you charge. It might also help to have a few examples in mind where your expertise saved someone money or improved efficiency to justify your rates to IDEX Consulting Ltd.
