Your LifeTalk Insider #57

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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…

Alexander and 3 others: Has anyone else felt that this year has been more of a nightmare than normal to get responses from clients and get cases done? It's always bad but it feels like holiday season came early, the election didn't help and... who knows what else just made it worse! Wouldn't say anyone is saying no to proceeding more than usual but come on people, chop chop! Click…

Howard and 18 others: Child investments: We have a client who is an additonal rate taxpayer from self employment. No other income or gains. They want to give £60k outright to child who is 1. To be invested to age 18.

I'm happy to put the first £9k in a JISA, what to do after that? Click…

LifeTalk and 22 others: As an IFA, financial planner or adviser, what would your best year ever look like? What would have happened? Click…

David and 42 others: Fundment vs Transact: Love them both, use them both but struggling to find a good reason why not to have all my clients on one or the other. Fundment is cheaper, but my account manager at Transact is great and service is better. If you had to choose one, which would it be? Click…

Brad and 41 others: Is anyone still actively recommending new general investment accounts? Trying to weigh up if it's better just to go down the bond route for clients going forward now thanks to the impending changes by the new labour gov. Click…

Denis and 16 others: I have clients looking to give up work in just over 5 years. Looking at their cash flow projections, it is clear they will have to spend some of their capital to maintain their desired lifestyle. The cash flow projections show that they will run out of capital in their late nineties. They have no problem with this.

They have just inherited some capital, and I was encouraging them to maximise their Pension contributions. My question is, with the need to start drawing capital in just over 5 years, what fund should they invest in, or what sort of investment strategy should be adopted?

Generally speaking, when there is a need for capital within a 5 year period, I would favour cash, thoughts would be appreciated. Click…

Jamie and 14 others: I need an admin assistant for 7.5 hours a week. The pay is £20 per hour. They'll be a contractor to another company because it's to cover an allowance from Access to Work. They must have recent experience working with SJP. Required to start asap - any recommendations please? Click…

Quick poll: Are you or your business going through a period of change or transition right now? It could be internal processes, brand refresh, redundancies, tech changes, cultural changes etc. Click here…

🕵️‍♂️ Mystery Link… Click to view…

Thomas and 24 others: Property investment company, solely set up for the purchase of BTL property. Can employer pension contributions be made? Click…

Eugenie and 11 others: Surge annual review meetings. There was a thread about these a few years ago and I wondered whether those that adopted this routine, stayed with it. Have you found it worked for you? I'm interested in efficiencies and getting a structure in place that frees up time for new business and more complex cases. Click…

The latest edition of the Adviser Lives podcast is out now! In the show this month is our interview with Group CEO of Melo, Victoria Hicks.

Business lifecycle firm Melo has come together from the merger of three acclaimed and highly experienced businesses, who together specialise in helping financial planning firms to grow and make progress, recruit the right personnel and for their owners to secure a great exit.

At launch, Melo has made a big splash in the financial planning community, and rapidly become known as go to experts in guiding, educating and supporting firms that want to be a cut above the rest.

Here Philip Calvert interviews Group CEO Victoria Hicks and discovers the thinking behind forming Melo and just what it takes to make a great financial planning firm.

Listen on Spotify here or in your favourite podcast provider.

Posts from Adviser Growth Community this week:

👨‍💼 🙋‍♀️ Why IFAs are joining Adviser Growth Community

This graph shows why IFAs, financial planners and advisers are joining the Adviser Growth Community (AGC).

Yes, 74% of advisers are telling us that they are going through a period of change or transition, with a massive 60% saying that is painful or challenging.

AGC brings together financial advisers navigating changes or challenging transitions, so that we can build resilience, streamline operations, achieve exceptional client outcomes and enjoy a balanced, fulfilling professional and personal life 👇

If that’s you, come and join us…

👉 It should be a joy for clients to refer you

Many financial advice businesses are obsessed with the latest marketing and lead generation strategy.

Yet, the most successful ones grow through referrals. They let the clients come to them.

Here's the secret sauce: Click…

😮Yes I bang on about the importance of personalisation, and here's why

Just imagine how each individual child and their parent/guardian felt or responded when they saw this. Very powerful indeed. Click…

🤝🏻 Turn Transitions into Triumphs: Smart Marketing for Financial Advisers

Looking for a smart marketing and lead generation strategy that any financial adviser can use? If you're a financial adviser, one of the best ways to attract new clients is to focus on those going through major life transitions.

Sure, you already know that and you probably work with clients every day who are in that position - but does your marketing consciously reflect that? Click…

😮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. Read more…

👉 Lead Generation in the Later Life space

Twenty minutes of marketing and lead generation from the National Later Life Advise conference. Click…

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