Misys plc acquires Eagleye asset Misys offers substantial cash benefits for all IFAs
- First stage of recruitment > retention > retirement package
- £7,500 for first new adviser; £2,500 for each subsequent adviser
Misys today announced the launch of a recruitment > retention > retirement package to benefit existing and future member firms taking on new independent financial advisers.
The package offers a substantial opportunity for firms looking to recruit and expand but that are concerned about the initial or extra costs involved.
The recruitment incentive details are as follows:
- New member firms – Misys will give £7,500 to each new member firm authorised, to include the first adviser. The firm will receive another £2,500 for each additional adviser authorised. The firm will also receive an initial licence to use the mi-solution desktop software (worth a minimum of £495).
- Existing member firms – Misys will pay £7,500 to an existing member firm for the first new adviser authorised. The firm will receive another £2,500 for each additional adviser authorised.
There are no restrictions on what the money can be used for, but firms may want to use the incentive to help finance a new recruit, buy office equipment or extend their marketing and promotional spend.
In return for the allowance, a firm after authorisation must remain with the Misys networks for three years (the first year is extended for 3 months to help advisers settle in). A firm must also contribute a minimum of £8,000 per adviser per year to the network.
Other phases of the recruitment > retention > retirement campaign will be announced before the end of the year.
Patrick Gale, CEO, Misys IFA Services, commented: “Misys is determined to offer substantial benefits to its members ahead of the planned flotation of our IFA-related businesses. The measures announced today will help IFAs to expand the value of their businesses. This is just the first step in a unique campaign to support our network members so they can deliver superior service to their clients.”
More information can be found at www.misys-future.com
For further information:
| Paul Charles | |
| Misys Corporate Communications | 020 7368 2315 |
| Andrew Oliver | |
| Head of Marketing, Misys IFA Services | 01865 886000 |
About Misys plc
Misys plc develops and licenses a variety of software products to customers in the international banking and securities, healthcare, and UK retail financial services sectors. The Group also offers transaction processing and research support for Independent Financial Advisers. Misys employs over 6,500 people internationally.
