Your LifeTalk Insider #54

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Welcome back…

From LifeTalk and Adviser Growth Community this week:

Thanks to everyone who has subscribed to LifeTalk Insider - Let’s get stuck in…

LifeTalk member and 45 others: How do you start out as a self employed adviser without any clients? Click…

Matt and 9 others: Does anyone specialise in income protection, specifically for Ltd company directors? Click…

Paddy and 16 others: Just had a call from someone looking to open a trustee bank account for their sibling for a disabled persons trust. Cater Allen said they'll need an IFA or existing solicitor to do it. They're not looking for advice as the funds within the trust are being put to other uses, are there any accounts where clients can go direct, excluding Metro Bank? Click…

Rob and 12 others: Has anybody recently gone through the leaving process with Quilter? Click…

Nick and 13 others: Does anyone know of any platforms or providers which will allow an IFA to do a LISA? Click…

🕵️‍♂️ Mystery Link… Click to view…

Bryn and 8 others: If a married couple live together (as most do!) but the home is solely owned by one of them, and that person has to go into care, how is the home taken into account in the financial assessment? Presumably they can’t force sale and make the spouse homeless? Click…

Charles and 13 others: A high-earning client has left his job in the city and realised over £400,000 in capital losses. He has no assets he wants to sell to realise any gains to offset those losses. Any thoughts as to what he could do? Click…

Howard and 15 others: ThreeSixty have announced a sale to Fintel. Does that mean an amalgamation with SimplyBiz? Defaqto, Plannr links ahead? A chance in service levels in future years in search of profits. I’m sure the press announcements will all be positive but how do we feel about the two largest compliance providers now being under one umbrella? Click…

Duncan and 8 others: Have a client who is purchasing company share options at discount via a workplace savings scheme. If he exercises his options at a later date and immediately sells the shares will CGT be due? Click…

Nick and 21 others: My client has £500k in a fairly newish GIA set up earlier this year. It's made about £30k so far. Given the cgt allowance, I'm considering the possibility simply encashing the whole lot, suffer a £6k cgt bill and putting the balance in an offshore bond.

My thinking is, if we keep the GIA the cgt position is only going to get worse, will take years to bed and ISA etc whereas the bond will benefit from gross roll up, be flexible to meet income needs, etc etc. Any thoughts…?

Andrew: We have staff located across the UK and are wanting to change Remote Desktop software. The one we use is very slow. Anyone have any good recommendations? Click…

Posts from Adviser Growth Community this week:

👉 Timely Insights for Clients: A Swift Response to the General Election

In the wake of last night's landslide Labour victory, the landscape of UK politics has dramatically shifted.

While many are still absorbing the news, one financial planner has already stepped up to provide timely insights and guidance for their clients. By 9am this morning, Chapters Financial has already published a useful blog post speaking directly to their clients offering an additional financial review and reassurance.

This rapid response highlights the firm's commitment to keeping their clients well-informed during times of change, and in an environment where timely and relevant communications are vital, they are setting a good standard for proactive engagement. Their ability to quickly address potential concerns of some clients shows real dedication to client service and expertise in navigating financial landscapes.

What else could you do for clients? Click here…

💬 Client communications that get noticed and read

In my 2004 book Successful Seminar Selling, I wrote about the value of using handwritten communications as way to get your seminar promotions read and acted upon.

Even hand writing just the recipient's name on the promotional letter can increase conversion rates quite dramatically... Click to read more…

🤝🏻 Connecting Fast and Slow on LinkedIn: Building Trusting Relationships

We all know forming connections can be as instant as clicking with someone new. But when it comes to building lasting, trusting relationships - especially on LinkedIn, there's a balance to be struck between connecting fast and connecting slow.

Let’s delve into how both approaches play a crucial role in fostering genuine trust in the financial advice world.

The Power of Quick Connections… Click to read…

😮 An unconventional path to becoming a financial adviser?

In a recent episode of the Financial Planner Life podcast, Jack Dudley shared his unconventional path to becoming a financial adviser, transitioning from the armed forces and teaching to financial planning. This episode highlighted several key points worth considering for those entering the financial planning profession… Click…

📢 Artificial Intelligence in Financial Advice conference

Due to overwhelming interest, Financial Technology Research Centre (FTRC) have organised an event designed specifically for advice firms eager to explore the advancements AI technology offers. The "Artificial Intelligence in Financial Advice" conference will take place in central London on Wednesday 10 July 2024. Learn more…

👨‍💼 🙋‍♀️ Why IFAs are joining Adviser Growth Community

Adviser Growth is a positive, supportive and vibrant community for forward-thinking IFAs, Financial Planners, Lifestyle Planners, Later Life specialists and other financial advice professionals.

It's a dynamic space where financial advisers and industry professionals network, share best practice, enhance their learning, ask questions and exchange ideas.

🚀 The focus of the group is on positivity and growth!

All members receive these great resources when joining:

• SIX full length pdf books (1,836 pages)

• Free Report: 2024 League Table of Adviser's Biggest Challenges

• Free 488 page eBook: Marketing and Lead Generation for Financial Advisers

• Free 60 mins training: How to Attract More of Your Ideal Clients

• Free Worksheet: How to Define and Market to your Ideal Client as a Financial Adviser

• Free 90 mins training: How to Attract More Clients Through Referrals and Introductions

• Free Referral Marketing worksheet

• And much more…

Come and join us! Click here.

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