Starting Your Own Firm
Thinking about setting up your own mortgage or financial advice firm?
Taking the step from adviser to business owner can be exciting, but there is a lot to consider – from choosing the right network and understanding the costs, to compliance, technology, support and, importantly, the terms you are signing up to.
Network Consulting has helped hundreds of advisers establish their own firms, guiding them through the process, helping them understand their options and avoid costly mistakes that can be difficult to undo later.
It isn’t simply about finding a network. It’s about understanding what you want your business to look like, the support you need and where you want it to go. Network Consulting can help you compare the most appropriate options, understand the differences and, importantly, know what you are walking into before you commit.
You only set up your firm for the first time once. It pays to get the important decisions right.
If you’re considering starting your own firm – whether you’re ready to make the move or simply exploring the idea – get in touch for an initial, no-obligation conversation.
Costs, Contracts & Other Key Considerations
Setting up your own firm isn’t just about choosing a network — it’s about understanding the full picture before you sign anything. Costs can vary significantly between networks, and what looks competitive on paper doesn’t always reflect the real cost of doing business.
Contracts often include notice periods, exit terms and restrictions that are easy to overlook at the outset but can prove costly later if circumstances change.
Other key considerations when starting your own firm:
Fee Structure
Is it a fixed fee, percentage split, or tiered model – and how does it change as your business grows?
Exit Terms
What notice period applies if you want to leave, are there any restrictive covenants and are there any restrictions on contacting your clients?
Growth Support
What help is available as your firm scales – recruitment, additional advisers, or new revenue lines?