Employed IFA - Clients on offer via acquisition

Recruiter
Reed Insurance
Location
Ashby-de-la-Zouch
Salary
30000.0000
Posted
18 Mar 2017
Closes
17 Apr 2017
Contract Type
Permanent
Hours
Full Time
My client is a successful Director of a directly authorised, whole of market IFA practice who is looking to grow the business via acquisition. 
He has grown the firm's Funds Under Management to £40m in 4 years, with circa £300k in recurring income.
He has now reached the point where he is not physically able to service all of the clients and leads he has coming in, so will need a new Adviser to service the newly acquired clients.

He is currently looking at 1 of 3 different client banks in the east Midlands and expects the acquisition to be completed by June 2017 if not before.
There will be in the region of 100 - 150 clients with circa £156,000 in recurring income.

The basic will be between £30-£50k depending on your experience, qualifications and what you have to bring in terms of clients.
Validation level will be the industry standard 3x basic salary, and you can expect to earn between 35-50% in bonus thereafter. 35% on the first £25k after target, 40% on the next £25k and 50% on the £25k after that. If there is further production, there is a conversation to be had.

Other benefits include DIS 3x salary, 5 weeks holiday, 35p per mile and 5% pension.
Long term, there will be the opportunity for partnership and equity in the firm.

The firm are totally independent and whole of market, offering advice on EIS and VCT products.
You will benefit from in-house Paraplanning and Admin support.
They also have a Marketing Manager who will assist you in business development by adverting in all of the local publications, attending business lunches etc.
The MD also has a very close friend that runs a successful local Accountancy practice, who refers all of his business to my client.
They also benefit from their location and get good quality walk in clients.

You will be an experienced, ideally Chartered IFA with strong technical knowledge.

You will have a proven track record of fee income production and will need some clients of your own to bring to the table, to cover your costs for the first 6 months.

Reed Specialist Recruitment Limited is an employment agency and employment business