How Foster Denovo’s Self-Employed Model Fuels Advice Firms Growth

There has been a growth in the volume of self-employers in the advice industry. However, what many do not realise is that support from a company like Foster Denovo can help advisers save time and improve their business.

Speaking to FT Adviser, Roger Brosch of Foster Denovo, has discussed how the self-employed model has seen firms grow up to 40 percent in the first two years.

He said “We’ve had people join us with very few clients doing £50,000 to £60,000 a year, and within five or six years, they’re doing £500,000 or £600,000 and looking after 200 clients.

“There’s not many practices that you could see that sort of growth unless you’ve got the right support so for the more entrepreneurial individual, it can be a great opportunity to grow and succeed.”

“We provide a really good balance between supporting the entrepreneurial advisers who want to have a little bit of autonomy and build their business in their own way, but plugging into something that does it all for you, so you don’t have the risk.”

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