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IFA to service a HNW client bank

Location: SUTTON COLDFIELD, WEST MIDLANDS Salary: 50000 - 70000 GBP Per Annum, inc benefits
Sector: Insurance Job Type: Contract
Shift Type: N/A Applications: N/A
Posted: 3 days ago Reference: 3300693
This expanding, established practice is based in a pleasant office in North-East Birmingham. They have increased profits by a staggering 70% in only 18 months and consequently do not have enough IFAs to service their HNW and UHNW clients. These clients have come to them from client referrals and introductions from Solicitors, Accountants, and online marketing. The company is in the privileged position of being able to turn away clients with less than £500k, and charge 1%, 0.75% or 0.6% as an ongoing adviser fee, depending on the amount invested.

Around 80% of their clients come to see them in the office, so it's essential that the successful candidate is fairly local and happy to be in the office everyday. You can expect to be managing between £250k and £300k in recurring income after a year.


Full admin and paraplanning support is available, and they are offering a salary of £50k to £70k per annum. You will be paid a bonus based on achieving client retention targets. Benefits include 5% employer pension, 28 days holiday (rising to 30 after 5 years' service) and paid parking.

The ideal candidate will be a team player who places huge importance on building relationships with and servicing HNW clients, some of whom will have up to £10m in FUM. While you can earn excellent money in this position, it may not be ideal for an adviser who is used to working alone and chasing new business. You do not need to be chartered, but must be able to communicate well with wealthy private clients across all areas of wealth planning. The company will support and encourage you to chartered if you wish, but it's by no means essential.

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