’I have a family to look after as well, therefore it was difficult to just start from scratch,’ says managing director
Building a new broking business can be both expensive and time consuming – Innovative Risk Labs chief executive Ed Gaze, for example, cited in June 2023 that this process, on average, can take up to four years and cost between £750,000 and £1m.
Therefore, for those with additional caring responsibilities or that need a steady income, this leadership opportunity could be off the table.
However, this was the precise challenge that former Gauntlet Group account executive Paul Howley surmounted when he launched new broker Gauntlet Select on 1 June 2024.
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