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Each IFA is contracted by GLOC upon receiving their licence from CBTT. This contract allows IFA’s to solicit business from the markets using the financial planning process before prescribing GLOC’s products to their customers. GLOC has a structure in place to allow IFA’s to change their contracts every two years as per GLOC’s Career Path (please see appendix).
IFA’s are expected to generate more income, more commissions once their contracts are upgraded, and so it is in the IFA’s interest to make the Career Path requirements provided by GLOC to secure new contracts.
GLOC’s Career Path is divided into two paths – either IFA’s decide to establish a career in sales or in management.
CAREER IN SALES
ILLUSTRATION OF GLOC’S CAREER PATH IN SALES
CAREER IN MANAGEMENT
ILLUSTRATION OF GLOC’S CAREER PATH IN MANAGEMENT
CAREER IN SALES ADMINISTRATION
ILLUSTRATION OF GLOC’S CAREER PATH IN SALES ADMINISTRATION