Business Baron

Retirement & Financial Planning

Retirement & Financial Planning: Regulated advice for life. This is the regulated end of advice. You cannot trade until the FCA authorises the firm, you must…

Regulated advice for life. Advise people about their money, and answer for it forever.

This is the regulated end of advice. You cannot trade until the FCA authorises the firm, you must hold capital and professional indemnity cover, and under the Consumer Duty you have to show that clients got good outcomes rather than merely suitable products. Income is beautiful once it is built, because ongoing adviser charges on a client's portfolio arrive every month and clients rarely leave, but the liability has no end date: a pension transfer recommended today can come back through the Financial Ombudsman Service years later, and complaints are judged against the standards of the time.

Setup costs
£30,000 to £120,000
Competition
Medium
Category
Coaching & Advice

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