The proposal is one of a number of options the firm is looking at that will be put to member firms to discuss and vote on.
The current capital threshold entry on to the platform is £15,000 but chief executive David Ferguson says lowering the figure will allow them to significantly increase adviser numbers. It currently has 320 advisers.
Ferguson says: “We do like the model but we feel that an amendment like this would help those numbers and the £15,000 entry level is something that we are being told is perhaps too high.”
He says the firm has £600m of assets under management and is on course to move into profitability this year on a month by month basis, saying around £1.2bn is needed.
Ferguson says: “These plans are completely independent of our business goals which have been on target since launch. We have an annual event at the end of the week to discuss this and if the majority are in favour, we will take it from there.”
Helm Godfrey managing director Bruce Wilson says: “I am happy for them to do it but I am concerned at firms worrying about £15,000 being a large outlay to make and that is why a trial period may be the best solution.”