Search Consultants:
Linda Sutton - l-sutton@hotmail.com, lindasutton@lavabit.com
Charlotte Browne - c-browneifa@hotmail.com
CURRENT VACANCIES
A-01:- LEADING NATIONAL BANK-CORPORATE FINANCIAL PLANNING MANAGER VACANCY-SLOUGH
A vacancy has arisen with a leading national bank for a Corporate Financial Planning Manager based in Slough.This is a rare opening and there are only a very small handful of these vacancies throughout the UK.
The first point to emphasise is that no previous corporate experience is required as all training will be provided for the successful individual.
The basic salary is negotiable up to around £38,000 and a 10% loyalty bonus on this figure is paid yearly.A pension contribution of 15 % of basic salary is paid in cash to the adviser.A car allowance of £4,200 is provided. The successful candidate can look forward to earnings of between £100k and £250k.
The role will involve the individual working closely with a team of business banking relationship managers who will effect introductions to existing business customers - limited companies,partnerships and sole traders.There will also be scope to provide financial advice to white collar employees in the work place.
As this is a tied role, and would be suitable for an IFA/Tied/Multi-Tied Adviser who is interested in both higher earnings and a well designated role as such. The candidate will live within reasonable travelling distance of the area.
A-02:- LEADING NATIONAL BANK-IFA VACANCY-ABERDEEN
The opportunity that has opened recently is with a leading national bank which is an IFA role in Aberdeen. All clients are provided and the earnings potential is £70- 100k plus.The role is salaried plus bonus ,car allowance and good pension.The ideal candidate will be reasonably experienced and probably earning no less than £35-40k in their current role.Alternatively,this would suit an IFA that may be producing around £50-80k commission income but is having difficulty attracting sufficient new clients to go beyond this figure.
The role will cover a number of branches in the Aberdeen area .As this is a very senior role ,the style of management is light handed and the advisers will be mature enough to manage his/her own diary.Additionally,the adviser can conduct 'back office' work at home or indeed at any of the branches.The IFA division is a separate culture ,far removed from the micro-management that applies to the tied branch based advisers.
The IFA will have exclusive authorisation for all IHT work and will receive client introductions from both the branches and also Private Banking.The client profile is mainly High Net Worth and the adviser will have no shortage of clients.
The role will cover a number of branches in the Aberdeen area .As this is a very senior role ,the style of management is light handed and the advisers will be mature enough to manage his/her own diary.Additionally,the adviser can conduct 'back office' work at home or indeed at any of the branches.The IFA division is a separate culture ,far removed from the micro-management that applies to the tied branch based advisers.
The IFA will have exclusive authorisation for all IHT work and will receive client introductions from both the branches and also Private Banking.The client profile is mainly High Net Worth and the adviser will have no shortage of clients.
The basic salary will be negotiable but the initial strong point will not exceed £38,000 .There is a guaranteed 10 % pa loyalty bonus ,a £4200 car allowance and a 15 % pension contribution which is actually paid to the adviser in cash.With performance bonuses ,the successful individual can expect to earn 70 - 100 k plus pa.
These are rare openings and in the current climate represents a safe haven with very strong earning potential
A-03:- NATIONAL-IFA VACANCY-NATIONWIDE
IFA positions with National IFA for IFAs with existing clients banks. It is an up market National IFA firm with a High Net Worth positioning and are looking for IFAs that wish to develop professional connections and the HNW market generally.Some leads are provided from strategic alliances .
Here is some more info on National IFA firm from my notes ;
PACKAGE:
The National IFA firm offers 3 opportunities:
· Employed package……basic salary plus reduced bonus payments
· Variable package….…..small ‘basic salary/advance payment’ plus improved bonus
· Full self employed package……much improved bonus payment
· Employed package……basic salary plus reduced bonus payments
· Variable package….…..small ‘basic salary/advance payment’ plus improved bonus
· Full self employed package……much improved bonus payment
All of the above are discussed at interview, but the following are a simplistic guide:
Employed role….basic salary, perhaps £30-40,000, plus bonuses paid at levels of 35% - 50%, plus phone, sales support, marketing support and lead generation, business expenses, reward and recognition events, managerial support and coaching. Bonuses paid quarterly, 60% of quarterly entitlement paid each quarter, balance paid at year end.
Variable role….basic salary of £12,000, car allowance, flexible benefits, phone, sales support, managerial support and coaching, bonuses at enhanced level of 40% - 55%, with bonuses paid monthly.
Self employed role….personal office space and IT tools, sales support flexibility, managerial support and coaching, compliance support and assistance, plus further enhanced levels of bonus between 45% - 65%, paid monthly.
Each of these options is thoroughly discussed at interview and details are given on a CD. Each adviser has the opportunity to review their terms yearly, allowing progressive movement from employed to variable and then to self employed.
Car / Allowance:
Car allowance for Employed package only.
Car allowance for Employed package only.
Other Benefits:-
Can include: basic salary, PMI, mobile phone, car allowance, personal office space and
IT support, sales support, managerial support/coaching/development, plus AFPC training
and assistance.
Can include: basic salary, PMI, mobile phone, car allowance, personal office space and
IT support, sales support, managerial support/coaching/development, plus AFPC training
and assistance.
Career Opportunities:
Opportunities are made available to successful individuals to both move around the
organisation and indeed change “package status”, ie move from employed role, to
variable role to self employed role..
Opportunities are made available to successful individuals to both move around the
organisation and indeed change “package status”, ie move from employed role, to
variable role to self employed role..
Location: Have vacancies throughout the UK.
Company profile:
The National IFA brand represents the coming together of two of the UK’s most respected providers of independent financial advice. The Group also operates a number of other well respected financial services brands, including one of the UK’s foremost personal finance websites, XYZ Moneyextra – www.moneyextra.com.
XYZ Group Plc forms the UK arm of XYZ Holdings AG, which with over 6,000 financial advisers in 469 offices in 11 European countries, is Europe’s largest independent financial services group. With that pedigree, comes excellent financial stability. The Group produced £500 million of business in 2006, with a profit of £77.8m….that is a 10.87% profit margin….no other IFA is producing anything like that level of performance.
Role profile:
The National IFA firm major on business relationships, be they with Affinity Groups or Professional Introducers. Some of those relationships include The Telegraph, Microsoft, The British Medical Association, Menzies Financial Planning and Hays Macintyre Financial Planning. In respect of the relationship with the BMA, this gives them access to 130,000 senior doctors and consultants in the medical profession…all high earners.
In addition, they are developing an additional affinity partnership with The British Dental Association.
To aid the adviser, XYZ have a bespoke team dedicated to creating Introducer relationships with professionals such as accountants….some practices even have an XYZ desk on their premises. There is also a bespoke business plane to manage these relationships.
The National IFA firm also support individuals with an amount of lead generation. They have in excess of 50,000 existing clients, a central lead generation programme, local branch lead generation and marketing, seminars, affinity groups, plus the focussed Professional Introducer.
