You are here: cherry > Press releases for May 2015 > Financial Advice Network unveils network proposition to shake up the market
Back

Financial Advice Network unveils network proposition to shake up the market

20 May 2015

Financial Advice Network Ltd (FAN), the only network owned by a mutual in the UK, has revamped its proposition in a bid to attract new IFA’s, restricted advisers and mortgage and protection advisers.

Its new adviser offering aims to shake up the network market and underpin growth through personal business partnerships based on mutual values and rewarding excellence.

Advisers can join its unique proposition as appointed representatives or through the fully ‘franchised’ trading style option, both of which provide access to compliance, technology, marketing, training and risk mitigation support amongst others.  And it offers a unique fee structure which is tiered according to the level of compliance oversight required.

Mark Smitheringale, Managing Director of the Financial Advice Network said:

“With the financial security and funding available from a parent company who has been around since 1826, we have the backing to sustain our vision of delivering a viable, ethical network.

“Our research has shown that our new bespoke proposition is what advisers want from a network, choice and a package of benefits that work for them, rather than a ‘one size fits all’ solution.

“Our innovative key features, which include rewarding excellence through lower fees and helping advisers optimise their business performance through marketing support -  all underwritten by our mutual heritage and values - are further enhanced by our integrated adviser support IT software and our proprietary ‘risk database’ risk mitigation solution.

“New advisers can choose to join us via either our fully ‘franchised’ trading style option or our bespoke appointed representatives package option”.

Key benefits of joining FAN:

  • Excellence is rewarded – fees are charged depending on the level of compliance and risk support required, the lower the level of support the lower the fees.
  • Support to help advisers optimise their business - a range of tailored business support services which help advisers focus on growing their own company, including marketing, sales, administration, para-planning and training.
  • Mutual ethos - commercial backing of a financially stable mutual that is almost 200 years old and has a proven commitment to delivering the best outcomes for customers.

In addition to this, FAN will be offering all advisers who join the network direct contact with its board of directors, marketing support, website design and social media maintenance.

FAN is looking to recruit advisers who share the networks cultural values of putting the customer at the heart of everything they do and have a genuine desire to share a long term partnership with Financial Advice Network.

For further information please visit www.financialadvice-network.co.uk