Money Advice & Planning Ltd

About Money Advice & Planning Ltd

Money Advice & Planning (MAP) offers fully independent financial advice to individuals and businesses covering equity release, pensions, investments, mortgages, tax planning, insurance and more.

Customers anywhere in the UK can see a Money Advice & Planning financial adviser face to face to discuss their affairs and requirements and receive unrestricted advice. With a professional, reliable and customer-centric approach, Money Advice & Planning advisers get to know customers and understand their current financial position and future goals, before structuring a personal financial plan. Customers are offered a tailored service package to ensure their finances stay on track throughout their financial journey, with a mutually agreed fee structure.

The business franchise has a tried and tested recommended funds list, and use a Multi-Fund approach to place investments according to each individual client’s risk preference, from No Risk/Low Growth to Very High Risk/Very High Growth. Funds are chosen on a quarterly basis, ensuring that the client’s money is always in better performing areas.

A quarterly investment review gives a proactive analysis of fund performance, while clients have open access to their investments through an online portal. Money Advice & Planning are authorised and regulated by the Financial Conduct Authority (FCA), for complete peace of mind.

How does a Money Advice & Planning franchise work?

Offering the first ever franchise opportunity for Independent Financial Advisers (IFAs), Money Advice & Planning franchises are based on the simple principle that financial advisers are much more successful and achieve higher earnings when they spend their time advising their clients, rather than being bogged down by paperwork and administration that is inevitably generated by every investment.

Money Advice and Planning franchises are therefore a ‘business in a box’, whereby the IFAs are responsible for providing professional, high quality, independent financial advice to their clients, while Money Advice and Planning do all the background work including sales, marketing, administration, compliance and management of each investment.

The aim is for the Money Advice & Planning franchisee to spend approximately 85 per cent of their working hours with clients to maximise the use and value of their time as a finance industry professional.

How much does a Money Advice & Planning franchise cost?

The initial costs add up to approximately £10,000. Applicants pay the Money Advice & Planning franchise fee of £7,000, and need a car in order to visit customers. On top of this, franchise owners will pay commission on their sales, ranging from 25 per cent to 40 per cent, depending on monthly earnings. From this, Money Advice & Planning pay advisers’ Professional Indemnity Insurance and FSA regulatory fees along with administration and compliance costs.

What do you get for your Money Advice & Planning franchise fee?

Money Advice and Planning franchisees receive extensive support from the administrative team. This includes checking, submitting and chasing applications (and the commission), completing term policy and mortgage applications, and almost all compliance.

Money Advice & Planning also provide specialist backup in cases where clients require specific advice, including pension transfers and IHT planning, and offer access to an IT help desk and assistance with local marketing as required.

From the information on the MAP system, client affairs are regularly reviewed, and a detailed Client Maintenance Report (CMR) is sent on a monthly basis. This provides a list of client items for the adviser’s attention, and a Financial Review is produced annually for chosen clients, offering current valuations of their funds. A quarterly list of recommended funds provides information on where best to invest.

Did you know?

Money Advice & Planning Ltd has outlets available across the UK

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What marketing support is provided for Money Advice & Planning franchisees?

Money Advice & Planning franchises are offered initial marketing support to build a customer base which they only pay for if it results in sales. This is tailored to the specific requirements of the franchisee, and can include adverts in local papers, regular mailshots to local businesses and web pages on the MAP website, along with introductions to ‘potential introducers’ such as accountants and lawyers in the area.

Money Advice & Planning franchise owners usually find that once they have established a customer base that brings in a steady income, 60 per cent of their business comes from existing customers, and another 20 per cent from referrals, so ongoing marketing focuses on maximising income from them. By effectively utilising the Customer Maintenance Report and the client Financial Review, Money Advice & Planning franchisees can provide clients with a first class service which results in increased ongoing business in the future.

How much does a Money Advice & Planning franchisee earn?

An MAP franchise owner with a good bank of clients could realistically expect to earn £10,000 per month, 35 per cent of which would go to Money Advice & Planning.

Do Money Advice & Planning franchisees need finance industry experience?

It definitely helps, but may not be essential. Qualified IFAs can hit the ground running and begin earning immediately. Money Advice and Planning also considers mortgage advisers wishing to work towards becoming an IFA, along with lawyers and accountants wishing to set up a MAP franchise as a stand alone business alongside their existing firm.

In this case, franchisees must be qualified to diploma level, and will be supported through training by Money Advice & Planning to achieve this as quickly as possible, and newly qualified franchisees have peace of mind as compliance checks always take place before any business is submitted.

Whatever their professional background, all Money Advice & Planning franchisees should be energetic, ambitious and have an excellent customer service ethic.

Is running a Money Advice & Planning franchise a full-time job?

It doesn’t have to be. A Money Advice & Planning franchise is your own business, so you can make your own decisions on working hours. Advisers tend to work from home, and choose their working hours to achieve their own optimal work/life balance.

Can I list my Money Advice & Planning franchise for sale?

Yes, Money Advice and Planning franchisees are encouraged to sell their business on when they retire, and the branded name is known to improve the price of the business compared to a non-franchised IFA business as the franchise has a proven business structure, so buyers know what to expect.

Where are the new territories that Money Advice & Planning are looking to open new franchise locations?

Money Advice & Planning currently have 15 franchises operating in the UK, and have the capacity for up to 800, so there are plenty of new territories available.

Why choose a Money Advice & Planning franchise?

Opening a Money Advice and Planning franchise is a great half way house between simply working as an IFA and starting and building your own IFA business. With a proven business structure, MAP give you access to their systems and processes, so you can start advising clients (and therefore earning) almost immediately.

MAP not only undertake the time consuming administrative side of the business, they also provide continuing support and specialist assistance when you need it, so you aren’t alone.

How can I apply for a Money Advice & Planning franchise?

To receive more information about starting your own Money Advice and Planning franchise, just complete the form on this page.