All your questions answered about joining ValidPath.
ValidPath is an FCA-Regulated IFA Network supporting a network of Financial Advisory Businesses and Independent Financial Advisers across the UK.
You would choose ValidPath for many reasons which may include:
We support a wide spectrum of financial advisory firms and business models across the UK including:
Onboarding can take as little as four weeks from initial contact through to FCA approval and ‘sign off’ enabling you to provide financial advice depending on your individual circumstances.
We look for an alignment of values, culture and an approach to ‘treating customers fairly’, along with a viable business plan and financial advisory proposition.
No, there is no joining fee.
Our commercial model is simple. We charge a network deductive fee proportional to your revenue (i.e. a percentage). There are no upfront costs. The deductive fee is calculated based on your revenue, business model (i.e. pensions, investments, protection, etc.) and individual requirements (i.e. number of software licences, etc). The deductive fee is inclusive of all FCA fees, levies, PI insurance, software licence fees and all essential documentation and back-office administration, revenue reconciliation, compliance and other services. That is, you would ultimately retain the majority of all revenue that you generate, and it would be paid out to you on Thursday, each week.
Yes, we have a robust (and low cost) centralised investment proposition available for Members to use at their discretion in the best interests of their clients.
No. We are truly independently and proudly platform and provider agnostic, with over 450 agency relationships seeing us reconcile over 800 unique financial products per month.
As the network for Independent Financial Advisers, we believe that independent financial advice is as important today, as it will be tomorrow. To gain a deeper insight into what it means to be a Member of ValidPath, please view our booklet, ‘Reflections’, that has resonated with many advisers.