Changing networks?
Looking for a Network
When considering what to look out for when changing networks, it's important to start by reflecting on your own business goals and how a new network can help you achieve them. We know how daunting this process can be, especially with countless options and overwhelming requirements.
Whether you're a sole trader or running a multi Adviser team, being part of a dependable network can offer you the protection you need and the headspace to grow your operations. Our experienced Adviser Circle helps guide you every step of the way, making the move straightforward and stress-free.
Remember: We're in this Together...
Consider the following
As you look for the right network, ask yourself some crucial questions:
- What do I want from the network?
- What do I definitely NOT want?
- How will they support my business growth?
- What makes their proposition truly benefit my business?
- Which network features are most relevant to my needs?
Documenting the answers will help clarify your expectations and guide decision-making. At Adviser Circle, we step in as your impartial partner, providing independent advice and using our experience to outline the facts, so you're never left in the dark or feeling uncertain.
To get you thinking about which network features are important to you, you may wish to consider the following:
- Compliance regime
- Support structure
- Business development opportunities
- Technical help desk
- Marketing support
- Technology and research tools
- Charging structure and fees
- Panels and service standards
- Treatment of AR members
- Exit charges
Every adviser's needs are different. Thinking about these features ensures you pick a network that's genuinely reliable and the right fit for you.
A network is a great place for an advisory business
Joining a quality network brings far-reaching benefits for your advisory business. Networks, like the Adviser Circle, offer protection and expert guidance in navigating complex regulatory matters, acting as a shield against the stress of compliance and changing legislation. This is especially valuable for those wanting to focus on clients, rather than administration or unforeseen costs. Networks use economies of scale to negotiate better rates or to offer exclusive, independent services and products.
A good network, such as those we recommend at Adviser Circle, fosters a partnership based on respect, clear communication, and shared interests. Adviser feel valued, their expertise is acknowledged, and their businesses benefit from impartial and experienced support. Poor service, feeling like ‘just a number', or being forced into disruptive changes are often cited as reasons ARs switch networks. We believe in absolute transparency,explanations and guidance are always available, and your needs drive the journey, not the convenience of the network itself.
Regulatory changes are sometimes inevitable, but with us, transitions are kept as smooth and disruption-free as possible. We work hard to maintain a service standard that keeps advisers feeling secure, supported and empowered. Our network's financial management, accreditation, and qualified support give you confidence that your business is in good hands. Raising standards is a core value within the Adviser Circle. With our help, your business will be more than just compliant; it'll be positioned to thrive for the long-term.
Frequently Asked Questions
What should I document before looking for a new network?
Document your business drivers and your short, medium, and long-term goals to ensure the network matches your needs.
What are the benefits of becoming an Appointed Representative (AR) of a network?
Being an AR provides a secure environment to grow and succeed, reducing regulatory costs and stress.
How do I determine what I want from a new mortgage network?
Ask yourself what you want and don’t want, which features benefit your business, and how the network will support your goals.
Which network features should advisers consider most important?
Look at compliance regime, support, business development, technology, research, marketing, charges, service standards, and exit terms.
Why do Appointed Representatives often leave their networks?
ARs usually leave due to poor service standards, lack of value, or enforced changes that put the network’s interests first.
How does Advisors Circle handle regulatory changes in networks?
Advisors Circle is transparent, explains why changes are required, and works with you to minimise commercial disruption.
What should advisers look for to ensure a network values its members?
Choose a network with fair fees, strong support, financial stability, clear accreditation, and a real commitment to your success.
Ready to Find Your Best Fit?
Starting your search for a new network is a big step,so let us make it simple. Our experienced and independent team at Adviser Circle will guide you in finding a network that fits your business values and long-term goals. If you're seeking impartial advice and an approachable Adviser Circle, you're in the right place.
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