Starting Financial Planning Business

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Financial advice is a profession that can provide you with choices around where you take your career.

For example, you can choose to specialise in an area of advice you're passionate about, such as retirement incomes or corporate superannuation.

A career in financial advice can be busy but fulfilling.

Thinking of starting your own financial planning business?

One thing is for certain, there is always room for a quality business in the market.

However, building a business from scratch is no mean feat and the ever-increasing costs and changing regulatory landscape can make it an uphill struggle.

You will utilise your numerical aptitude whenever you're putting together detailed financial plans, researching advice strategies, and balancing budgets.

Your ability to connect with people will come to the fore when you're prospecting for new clients, building relationships with existing ones, and working together to help them achieve their goals.

The ability to plan for other costs is less certain, however.

In the lead-up to Brexit, advisers say client requests are unpredictable and insurance costs increasingly worrisome.

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