Employed IFA - clients provided

Reed Insurance
Frampton Cotterell
19 Mar 2017
18 Apr 2017
Contract Type
Full Time
My client is a successful directly authorised IFA firm in South Gloucestershire. They are currently looking to recruit an experienced IFA to join the 6 existing Advisers.

All 6 of their IFAs (including the 3 Partners) are writing £250k+, and generally earn around 45% of what they write, which is excellent for employed roles.
They also employ 5 Paraplanners and 7 Administrators, and had a Trainee IFA join the team earlier in March.

They have clients available due to the 3 Partners being at full capacity, and having a good number of £250k+ clients to hand to you. They also receive plenty of new leads from local introducers so will keep you pretty busy, though they want someone who can bring a few clients and network themselves.

the organisation gives mostly private client advice, with an average client having £350k invested.
You would inherit a reasonable amount of recurring income which would count towards validating your salary. However, they've never been big on setting targets and this can be seen as more of a servicing role.

They service around £1.5m in recurring income between 6 of them, and write an average of £100k each per annum in new business. Many clients will be in the South-West and towards London, but they only need you in the office a couple of days per week.

You must be an existing FA with a modest client bank of your own, and experience of advising affluent clients across a broad range of financial services.

Reed Specialist Recruitment Limited is an employment agency and employment business