The MAP proposition is unique in the Independent Financial Advice market and offers a genuine opportunity for motivated individuals to enter this industry and build their own IFA business.
MAP's Business Proposition is quite simple really, they will provide you with everything you need to establish your IFA business and to generate opportunities almost from day one.
It may sound simple, but the reality is that for an individual to go about setting up a sustainable IFA business on their own in today’s financial climate would be extremely difficult to say the least.
As a MAP Franchisee you will be able to establish and grow your business, safe in the knowledge that you have a team behind you to support you in every area of your business.
Trying to establish a business and enter an already established market place can be daunting to say the least and that is why many people choose to opt for franchising.
Franchising is a business relationship where one party allows another party to operate under an already established brand and operating system and benefit from the initial and ongoing support available without having to employ staff to provide this support and expertise. This in return allows the Franchisee to spend their time in front of clients generating fee income and growing their business.
In order to set up and establish your business as quickly as possible, MAP will provide you with the following support:
The initial fee which will effectively provide you with a “business in a box” and allow you to hit the ground running from day one is £25,000. (This fee can be adapted on a modular basis subject to experience and relevant qualifications held.)
MAP are flexible in the type of people they look for. As well as taking on experienced people and trainees, they also welcome those who are new to the industry with no qualifications to join the company.
Those with experience can start with them and hit the ground running, whilst trainees can be brought in and advanced through to experienced level, which in the industry is known as Competent Adviser Status (CAS). Finally, inexperienced people can start as Paraplanners and work up to becoming trainees and then from there, onto achieving CAS thereafter.
In all stages though, franchisees are allowed to deal with clients and therefore impact upon their earnings potential, whilst being helped by MAP to moving onto the next level.
MAP would also accept mortgage advisers who are willing to work towards being IFAs. They would be deemed competent in mortgage/life products and be introducers in the interim period for other aspects of financial services. This would allow them to refer cases onto other MAP advisers and earn from them, whilst keeping clients happy.
Money Advice & Planning Ltd take away all administration burdens, leaving franchisees free to sell and earn more money.
Money Advice & Planning Ltd offers a platform to work compliantly in financial services but without the restrictions of a regulatory network.
Money Advice & Planning Ltd has the market expertise to truly treat customers fairly and allow franchisees to retain their clients and get repeat business from them.