The Mortgage Adviser World Is Backwards

In this episode, Gary discusses how regulatory bodies have a direct impact on how you are actually required to run your business and account for that company structure to the relevant authorities. What a lot of financial professionals rely on is the fact that networks will generate additional business, but in a lot of instances those entities simply fulfil the compliance aspect required by the authorities. This is not going to generate leads, increase sales and maximise profit.   Whether you are a DA (Directly Authorised) or an RI (Registered Individual) you need to be aware of the implications of these registrations. For example, a lot of people might like the concept of being DA but the rules, regulations and red tape is significant, and personal liability is a very real consideration for Principles.   What Is Covered In Today's Episode Of The PRO Podcast: DA vs RI responsibilities  Why being part of a network does not guarantee business growth The importance of focusing on the true revenue as an advisor, not just topline turnover   We hope you enjoyed today's episode, please make sure you subscribe, rate and review the show on your favourite platform.    Follow Gary Das on Social's: Instagram | LinkedIn | Facebook | Website | YouTube