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Your LifeTalk Insider #55
LifeTalk Insider
July 12, 2024 • Estimated Reading Time: 9 minutes
Welcome back…
From LifeTalk and Adviser Growth Community this week:
Thanks to everyone who has subscribed to LifeTalk Insider - Let’s get stuck in…
Many advisers have been telling us in private that they’re looking for a way to expand their reach and tap into the mass market - without compromising their current proposition and client relationships…
Maybe you too would like to serve a broader audience and create a new or additional income stream from your expertise?
Maybe there is a way to reach a wider market who need the expertise and experience of a professional financial adviser?
On Monday 15th July we’ll be unveiling a new three-part programme that allows you to do just that.
Whether you want to diversify your revenue or explore new routes to new clients, this could be the solution you've been looking for.
Curious about how you can:
✅ Reach the mass market efficiently?
✅ Create a scalable new business proposition?
✅ Generate a profitable income stream outside traditional one-to-one advice?
Visit here, add “Yes” and we’ll send you priority notification. Or make a note in your calendar to visit LifeTalk on Monday and get ready for a new approach that could open new doors for you.
The future of financial advice is evolving, and you can be at the forefront of this exciting change.
LifeTalk member and 35 others: Client wants to take a large lump sum from their pension of £73500.
It’s a mix of TFC (£27,800) and the remainder (£45,634) taxable - as it’s their first taxable withdrawal, they’ll be subject to emergency tax which, having calculated with Prudential, it’s coming to £80,024 gross taxable plus the TFC so around £107,000 total for a £73,500 withdrawal. Question…
LifeTalk member and 32 others: The time has come for me to look for pastures new, the place I am has done me well though payaway is too high and from my retention then paying admin and PP makes it just not competitive in the market. Live and learn and move forwards. Self employed with just shy of £20mln on the books. I understand moves are never the easiest of things however feel now is the time. Question…
Brad and 21 others: Is anyone currently doing BNI? Has anyone done it and then left? What are your thoughts on it? Click…
Stephanie and 31 others: This may wreck a few retirees plans IF it comes about! Click…
Scott and 15 others: Somewhat surprised by the CII offering an alternative 'experience' route for Chartered. If they were going to go down this road, the time to do so was when Chartered was first introduced. I can't see the benefit of offering this approach now when many advisers have invested time and energy in passing the relevant exams and obtaining the Chartered Financial Planner accreditation. Comment…
🕵️♂️ Mystery Link… Click to view…
Tony and 48 others: Platforms - I am currently using Aviva, Quilter and, although I am beginning to regret it, AJ Bell. Does anyone, in general, find any others better than this. Click to answer…
LifeTalk member and 18 others: I am an adviser and currently am only getting salary to look after a book of clients, around 100 so far. Should I be getting initial fees for new business paid to me and a % of ongoing? Comment here…
Nick and 22 others: Just taken on a client who is on the Fidelity platform. Never used them, have no opinion on them so I'd just like to see if anyone has? Is it good, bad, ugly? Comment here…
Posts from Adviser Growth Community this week:
👉 What do the most successful financial advisers do differently?
I recently sat down with the fantastic financial adviser Emmanuel Asuquo as part of Iress' Upfront podcast to uncover a few tricks and techniques guaranteed to win and retain clients.
A link to the full episode is here and where you can find a couple of clips.
💬 Mastering the Art of Attracting High-Quality Referrals: A Guide for Financial Advice Professionals
Let's kick things off with a simple truth...
Hoping for referrals isn’t a strategy; it’s wishful thinking.
Sure, you provide a great service and get great client outcomes and to some extent you might feel you have a right to sit back and wait for referrals to come in. But there's a lot more to it than that. Here…
🤝🏻 AI in financial advice conference
Attending Ian McKenna’s excellent AI conference this week highlighted a crucial point: ignoring AI could be the biggest threat to adviser survival.
Ian stressed that AI is not only a significant opportunity but also a catalyst for change in our industry. With many older advisers considering retirement, the emergence of AI-driven advisers is imminent and to stay relevant we must embrace AI to optimise our processes and improve client outcomes. Read more…
😮 He fell for the upsell (and who wouldn't?)
Mastering the Art of Upselling: A Guide for Financial Advisers
My son and his girlfriend love cats. They're both at Uni, and having a cat isn't really practical. So ahead of his girlfriend's birthday, Ben booked a table at a 'Cat Café' in London.
It's actually a foster home for homeless cats, so the income comes in handy and it increases the likelihood that more of them will be adopted.
Ben booked a time slot to visit through their website and checked out. And like a great online business, they offered him an upsell just before he paid. Read 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.
Please don’t keep us a secret - pass this on to your colleagues - thanks in advance…
That’s it for this week…
If you have enjoyed LifeTalk Insider, please forward this to your colleagues and suggest they subscribe here
As always, thanks for reading and see you next time.
Founder of LifeTalk
[email protected]
If you have adviser friends or colleagues, or office team members who you think would benefit from joining LifeTalk, please copy and send them this link: https://www.facebook.com/groups/AdviserLifeTalk
And visit and join our brand new group Adviser Growth here:
For Financial Advice Professionals
Marketing consultancy, adviser lead generation training and conference speaking
Presentation and public speaking skills coaching
LinkedIn coaching for financial advisers - one to one and groups
Book writing mentoring to financial advisers
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