Start-up Flying Colours Wealth Management has launched a 'new model' IFA network, which aims to generate adviser revenues of £500,000 per head by 2022.
The network aims to grow to about 500 IFAs and believes it can close the "productivity gap" in the sector by offering a new type of support to its advisers. Ambitious revenues of £500,000 per head would represent more than three times the national average, which the Financial Conduct Authority in May calculated to be between £120,000 and £145,000 per adviser. He said all of the extra support the network gives its advisers will help them to service more clients and reach the £500,000 revenue per head target. CEO Guy Myles said: "We surround advisers with high levels of service and s...
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