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The PRO Podcast

Dec 1, 2022

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


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