Frequently asked questions

Everyone is different but the main reason for financial planners wanting to venture out on their own is about equity, owning the asset rather than building an asset for someone else.

At least 3 years of face to face advice experience and strong business acumen. The ability to understand how to run a business or experience with this is a big advantage. Even without prior experience in managing your own business, strong networking and relationship skills to be able to build strong client relationships along with existing referrals sources will go a long way.

Speak with a Recruitment Specialist to explore which start-up offer is right for you. 

Yes, our expectation is that you would have access to professional premises to be able to see clients. Some start-up businesses have explored the option of an office to be used in a referral source ie. Accountancy firm, sharing an office with another practice under our group of licensees to bring down costs. Our experience with start-up businesses has also shown that paying for a serviced office tends to be cheaper than renting a stand-alone office. Cash flow is imperative in your first few years of operation while you are getting established. Your Recruitment Specialist can guide you on the best option to give you the kick start you need.

In the very beginning, we have seen that most successful start-ups will work incredibly hard to be able to afford an administration support staff member to come on-board. Access to this resource will exponentially allow you to build the business much faster and allow you to focus on giving advice versus administration and follow up. Building a strong referral process with your clients will be very important in the early stages and will have a great impact on your success.

This is dependent on the individual licensee and offer. Please speak with your Recruitment Specialist for more information.

You must complete a non-approved product and advice request if you wish to recommend:

  • A product that is not on an approved product list
  • Strategy or advice that falls outside of licensee guidelines

Please speak further with your Recruitment Specialist about this process.

AMP offers you a number of start-up options with varying loan amounts and allowable lending ratios. Please speak to your recruitment specialist about your options.