At Truly Independent, we understand that making the move to a new firm can feel like a big step. That’s why we’ve introduced Pick Your Rate. Designed to make your transition to Truly as smooth as possible. This unique payment structure gives you the power to choose a payment rate between 70% and 90%*, tailored to your earnings and business ambitions.
But how exactly does this benefit you? Let’s break it down.
Pick Your Rate: Putting You in Control from Day One
When advisers join Truly Independent, they typically start on a 70% payment rate during their first year. However, with Pick Your Rate, we put the control in your hands. You’re no longer tied to the standard starting rate. Instead, you can select the rate that best matches your business ambitions and earnings potential—giving you the flexibility to grow on your own terms.
We don’t just leave you to navigate that transition alone. With our robust support systems, including:
- Your Own Adviser Mentor – You’ll receive dedicated mentoring from an existing Truly IFA who has already achieved the company’s minimum standards of advice, competence, and training. These experienced advisers understand the challenges of transitioning and will guide you through the early stages, sharing best practices and actionable advice.
- In-House Compliance Support – Our compliance team is here to help you, not hinder you. We believe that compliance should empower your business, not hold it back. Our dedicated in-house team provides clear, practical guidance that simplifies complex regulations, making compliance a seamless part of your growth. With us, you’ll feel supported and confident in meeting regulatory requirements without compromising your independence.
- Twice-Weekly Pay Runs – We understand how important a consistent cash flow is when running your own business. That’s why we process pay runs twice a week, ensuring you have quick and reliable access to your earnings.
- Action Team Assistance – Our dedicated Action Team is here to ensure your business runs smoothly from day one. More than just operational support, they provide tailored guidance and practical solutions for day-to-day challenges.
- Enhanced IT Security – To protect your business and client data, we provide enhanced IT security through our Microsoft Business Premium license. This includes enterprise-grade protection with Microsoft Defender, advanced threat detection, and secure cloud storage with OneDrive for Business. Additionally, you’ll have access to the full Microsoft 365 suite, ensuring you have the tools to work efficiently and securely.
We work hard to minimise this transitional period, helping you hit the ground running.
Seamless Transitions for High Earners
We know that some advisers hesitate to move because they don’t want to drop down to a 70% payment rate in their first year—especially when they’re used to higher earnings. That’s why Pick Your Rate is a game-changer.
If you’re already earning enough to justify an 85% payment rate, you can now start at 85%. No need to take a hit in your first year. This makes transitioning to Truly Independent even more seamless—because we believe your success shouldn’t be delayed.
Flexibility with Year-End Rebates
On the flip side, you can still opt for the lower 70% rate. If your earnings at year-end justify a higher payment rate (say 80%), you’ll receive a rebate of the difference. In other words, you get the best of both worlds—reduced risk throughout the year and a bonus that rewards your success.
Make an Informed Decision with Our Payment Rate Calculator
Not sure what rate you should choose? Our Payment Rate Calculator can help. Simply input your figures, and the calculator will guide you toward the most suitable rate based on your expected turnover.
This tool ensures you make an informed choice that aligns with your business goals, allowing you to maximise earnings while minimising financial risk.
Book a Discovery Session – Your First Step to a Smoother Transition
Curious about how Pick Your Rate could work for you? Book a Discovery Session today. These one-on-one sessions give you the opportunity to:
- Explore how Truly Independent supports your growth.
- Understand how Pick Your Rate aligns with your business model.
- Get answers tailored to your unique circumstances.
Our Discovery Sessions are designed to help you see the full potential of your business without the guesswork. We’ll show you how Truly Independent’s flexible payment options, robust support systems, and growth-focused culture can work for you.
Don’t miss out—act now, pick your rate, and start building the business you’ve always wanted.
