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Why become a self-employed Adviser?

Written by Kimberley Startup | November 6, 2012 | 0 Comments

Financial Adviser, IFA, IFA Jobs, Openworks, Finance Advisor, Independent Financial AdviserOver the last few months, we’ve seen a big increase in the number of in-branch bank advisers keen to join us on a self-employed basis.

But while some have embraced the idea of moving from employed to self-employed, others have, understandably, been a little more cautious. As is often the case, the source of much of this apprehension has been misinformation.

Here, we challenge a few of the main concerns associated with making the move from employed, to self-employed financial adviser.

If I become self-employed, I won’t have a guaranteed income
Some firms will actually support your move to self-employed status through initial funding etc. This is the case with many of our firms too.

It’s also important to remember that self-employment puts your income-earning potential in your own hands. You can choose how many clients you have and how best to service them, so your income is ‘guaranteed’ to be in your own hands.

Becoming self-employed means a lack of security
Even those in ‘safe’ jobs are only ever one month (or however long their notice period is) away from potential unemployment.

Many of our firms have a well-established relationship with us – some of which are entering their fifth decade – and they’ve thrived on the security we provide. The backing we receive from global insurer Zurich, for instance, gives us the financial stability many other networks lack.

When you’re self-employed, you’re on your own
Even though you may become self-employed, it’s likely you’ll work within a larger firm, giving you all the benefits of working within a team. Our firms are well-organised, have great levels of support and plenty of clients.

Don’t forget that the independence self-employment brings can be liberating too. When you’re self-employed, you’re in control of your working hours and financial targets.

Not only that, but with Openwork, you’ll have a unique community of like-minded Advisers right on your doorstep. Self-employment may be step into the unknown, but it’s not a step you have to make alone.

This blog was provided by our guest, Openwork.

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