IFA

Recruiter
Reed Insurance
Location
Leeds
Salary
35000.0000
Posted
28 Apr 2017
Closes
28 May 2017
Contract Type
Permanent
Hours
Full Time
Location - Leeds and Surrounding ares 

Role- Independent Financial Adviser 

It's an IFA role with a reputable firm of Chartered Insurance Brokers and Chartered Financial Planners. The role is home-based, covering a fairly large patch around the East Midlands and North-East. There is an existing client bank of up to £5m in FUM (and therefore £50k recurring income) 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.

While a basic salary of £35k may not be overly inspiring, there is strong earnings potential here, especially as bonus may be guaranteed for the right candidate (up to around £7.5k in your first year, and possible some in year two as well). 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 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 ongoing. You won't be stuck on a modest salary for long either. The top 2 IFAs are on £55k+ salaries and invest an average of £5m in new FUM each per annum from company leads.

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

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

If you would like to know more then please apply with an up to date CV to maurice.pearce@reedglobal.com 

Reed Specialist Recruitment Limited is an employment agency and employment business