Transitioning to Financial Planning

Rcmortgages

Hi,

I have been working in the Financial services industry for 6 years after University, predominately in mortgages. I started as a Business development consultant at a high street bank and then promoted to a Telephone Business Development Manager, I stayed at the bank for 4 years. For the past 2 years I have worked as a Specialist Mortgage Underwriter at a specialist lender, working with brokers and customers on 1st and 2nd charges and BTL and bridging. I have the CII mortgage advice certificate and have always wanted to go into financial planning. I am looking to continue my qualification to complete my Level 4 Diploma in Financial planning at the CII and then look transition to a paraplanner/administrator role. 

My main concern is though I have experience in financial services, it is predominantly in mortgages. I am currently on 34k and cannot really drop below 30k due to the cost of living crisis etc. Is this a reasonable starting salary I could attain given my experience?

Marcon

Rcmortgages said:

Hi,

I have been working in the Financial services industry for 6 years after University, predominately in mortgages. I started as a Business development consultant at a high street bank and then promoted to a Telephone Business Development Manager, I stayed at the bank for 4 years. For the past 2 years I have worked as a Specialist Mortgage Underwriter at a specialist lender, working with brokers and customers on 1st and 2nd charges and BTL and bridging. I have the CII mortgage advice certificate and have always wanted to go into financial planning. I am looking to continue my qualification to complete my Level 4 Diploma in Financial planning at the CII and then look transition to a paraplanner/administrator role. 

My main concern is though I have experience in financial services, it is predominantly in mortgages. I am currently on 34k and cannot really drop below 30k due to the cost of living crisis etc. Is this a reasonable starting salary I could attain given my experience?

It's quite a jump from being in a fairly restricted area (mortgages) to the very much wider one of finance advice. Best way to find out is to talk to some recruitment agencies/read advertisements for such vacancies in your geographical area and see what sort of salaries are on offer/whether an agency thinks they could put you forward for that sort of salary.