Simon Goldthorpe: How much capital it takes to grow an IFA business

Without stating the obvious, success isn't always measured by the size of your client book, but instead measures such as the turnover of assets under management. Sustainable and profitable growth comes when you take on clients that can be serviced effectively at an agreed charging structure. This makes getting your proposition, as well as associated budget, right, absolutely essential. If you're thinking about going it alone, there are five fundamental areas you must factor into your budget and strategy: Office space and technology Many small IFA practices start at home or in...