Not all the FP/FA companies are the same, especially in the following areas:
- Licenses – Some companies have CMSRL license only. Some with FP/FA license only, Some with CMSRL + FP/FA license, Some with CMSRL + FA + CUTA license
- Product focus – Some companies focus on insurance only. Some companies focus on investment only. Some companies are very comprehensive, they cover insurance, investment, estate planning, financial planning advisory.
- Business support – Some companies offer basic business support. Some companies offer comprehensive and strong business support
- Revenue sharing – Different companies shares different percentage pf revenue with their advisors
- Business agreement – Different companies have different treatment for advisor’s client ownership