The new starter boost aims to encourage advisers thinking about making the self-employed switch by addressing key concerns around financial uncertainty.
Advisers will have access to pre-qualified leads to populate their diary in those early months, so they can hit the ground running and build a new business pipeline.
The new starter boost has a commission advance scheme, so advisers can access an interest-free loan to support them in the first few months. This accounts for longer transaction times and allows advisers to focus on clients and building their business plan.
The package is part of wider support available to new and existing self-employed advisers. Area directors offer ongoing mentoring, and advisers have day-to-day support around sales, marketing, compliance and training.
Advisers can also expand their licence qualifications to advise on business protection, equity release and commercial deals.
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Management training as well as recruitment and support advice can be offered if advisers want to become a business principal and grow their business.
Ben Allkins (pictured), head of mortgages and protection at Just Mortgages, said: “One of the biggest obstacles stopping even the most ambitious of advisers going self-employed is the fear of those first few months.
“Where the business is going to come from or how they will pay their bills without a steady pay cheque are all genuine concerns. However, we’re really pleased to be able to provide a package of support to help answer those concerns and help advisers fulfil their potential.”
He continued: “The self-employed division at Just Mortgages has long been known for the high levels of support we provide to all our advisers, as well as the flexibility we offer under the Just Mortgages banner or own-brand options.
“We want to be the go-to destination for [ambitious] advisers, offering a platform to not just put your name above the door, but launch and scale [a] successful and diverse advice business. With high levels of new applicants and nearly 500 advisers in the division, it’s great to see this recognised.”
Just Mortgages has around 500 self-employed advisers across the country and over 150 employed advisers in its estate agency branches nationwide.
The division recently hired Kara Jones as a senior recruitment consultant to bolster recruitment.
