A year ago I wrote about my experiences of setting up a new IFA business - Prime Time Financial - having previously joined the financial services world from a career in IT. Well, it's been a year of hits and misses?
HIT: Survival: Since many new businesses founder in their first year, it's good to still be here, and to have made a small profit in the first year. Broadly speaking the type of business has worked out as planned, with a focus on clients in the ‘second half of life'. HIT: Business structure: I operate as Prime Time Financial, which is a trading style of directly authorised firm Keystone Financial. This has worked out well, satisfying my objective of being able to work largely in my own way, but with the necessary compliance and other support available. One strange thing in this contex...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
