Ahmed Bawa explains why switching networks needs to be a simple process for IFA businesses...
Determining whether to be directly authorised (DA) or an appointed representative (AR) of a network is a big decision for any IFA firm. Do they want to go it alone, follow their own path, or make use of the support and structure offered by a network? However, what can easily be overlooked is how different the experience is for ARs depending on which network they opt for. After all, there are so many different networks to choose from, all of which provide their own individual levels of assistance, meaning that ARs can have quite significantly different interactions with their principal...
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