Independence and Size of Network
When choosing a network, ensure it is whole of market and has unrestricted access to all products. Some networks have restricted protection panels, leading to higher premiums for clients. The choice isn’t just about earning potential and what is best for your clients. A network with restricted panels can harm your service to your customers. Aim for total freedom of choice for both you and your clients.
A network offering a one-stop-shop service to their ARs benefits from scale. Larger networks can provide more comprehensive support. They often have access to better resources and tools.
A network with greater resources can offer more lender choices when transitioning to the mortgage market. While size matters in many contexts, it is not the only factor. The specific needs of the borrower or business also play a crucial role. Therefore, considering both size and specific needs is essential.
Training and Support
Being self-employed means being autonomous and self-sufficient. However, it doesn’t mean you have to go it alone. A network with a strong, supportive culture that provides training and development is essential.
Check if the network offers access to a full range of products, including investment permissions, commercial finance, and equity release. You might not offer all services immediately, but consider your business’s future needs.
Leaving a network because they don’t provide a service you want to offer later on is not ideal.
The People behind the Network
Consider whether the network is privately owned or has third-party ownership. Knowing who runs the network is crucial. It’s important to have direct access to decision-makers. A network is a long-term commitment, not just a commodity.
Some networks might have an aggressive growth strategy and a plan to sell. They may recruit mortgage advisers and IFAs on a large scale. Understand the network’s long-term intentions.
The Longevity of The Network
Only a few networks have a proven track record. Consider these critical questions: Has your network survived the 2008 financial market crash? Have they had any significant issues with the regulator or PII? 
A key consideration is a well-established network with no claims against it and no regulatory enforcement over the long term. Longevity and stability are vital when partnering with a network.
Financial Strength
Finally, assess the network’s financial strength. A financially robust network will support your business growth and provide security. Investigate its financial health and stability. This step ensures the network can withstand economic fluctuations and continues to support you and your clients.
Choosing the right network as an appointed representative requires careful consideration. Independence, ownership, training, longevity, and financial strength are crucial factors. By evaluating these aspects, you can make an informed decision that benefits both you and your clients in the long run.
Your network is not just a business choice but a partnership for success.
Why Connect Network?
Connect can emphatically tick all the boxes. We are Connect Network, an award-winning platform created by brokers for brokers. Having undertaken the same paths and faced the same challenges, we deeply understand the intricacies of our industry. We’ve walked the walk and are committed to continuing this journey alongside you.
At Connect Network, our experience grounds us, and our vision propels us forward. We know firsthand what it feels like to seek more from our careers and the networks we partner with. If you are dissatisfied with your current situation or simply seeking a fresh start, Connect Network could be the turning point you need.
Connect Network is not just a network; it’s a community built on understanding, support, and a shared vision for success. If you want to make a significant change and find a network that truly values your growth and potential, we invite you to
