Financial Planning Practice Incubator

Financial Spectrum Financial Planners Sydney

Financial Spectrum are excited to announce its Sydney Financial Planner Incubator.  The choice to set up your own financial planning practice is not one that is taken lightly, but when you do make that choice, you are invariably left with two choices.  You can either get into bed with one of the major dealers that offer their “training academies”, or you can become an authorised representative of an AFSL and go out by yourself.  Both have their pitfalls. 

By going with a major, you are restricting your ability to offer your clients the type of advice that you may want to.  You’re also restricting your ability to get clients as the market is moving away from the major players towards financial planners that are more independent.  There is a growing demand for independent financial planners by the general investing public. 

By going out by yourself as an authorised representative, you may incur significant expenses in the way of rent, utilities, information technology and communications, insurance and so on.  Additionally, by settling up your own financial planning office, your time and efforts are also diverted away from what is the most important aspect of your role as the principal of your firm, being with and working for clients.    It’s been a difficult choice.   However, Financial Spectrum have developed an alternative. 

Set up your Financial Planning Practice without the normal Hassles of Running a Business

The Financial Spectrum Incubator has been specifically designed to service the needs for up and coming financial planners that want to build their own practice, and either don’t have the resources, don’t have the expertise, or more typically, those that realise that running your own business actually takes about half your time away from your clients.  

For a higher dealer split on your revenue, Financial Spectrum will provide for you:

• an office to work out of in the Sydney CBD
• all communication costs covered (subject to appropriate use policy)
• all infrastructure provided such as computer, IT, software etc
• all stationery and basic business needs

Additionally you will receive:

• business coaching and practice development support
• marketing support
• CPD training
• complete ownership of your client base with no lock in restrictions

The aim of the Incubator is to develop practice principals to a point where it is more viable to go out and set up a full practice because you are turning over a higher amount of revenue.  Again, when it is time to flee the nest, you are not locked into staying under the Financial Spectrum AFSL, and the clients will below to you.  We would like to think, however, that since we have developed a solid long term working relationship with you, you would fall under our external representative model and stay under the Financial Spectrum AFSL.    We don’t believe in locking people into long term inferior contracts for the provision of a substandard service.  We leave our contracts open ended and with less restrictions because we believe we have a superior offer to most of our competitors.  We believe that our planner choose to stay because they want to, not because they need to.  

Places are Limited - Contact Financial Spectrum Today for More Information on 1300 886 018

Call our Sydney office today on 1300 886 018 to discuss your situation with either our General Manager or Head of Strategy to see if you could benefit from joining the Financial Spectrum team.