Your LifeTalk Insider #58

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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…

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Phil and 60 others: What's the weirdest thing you ever got in trouble for at work? A colleague of mine was once accused of being disrespectful because the six people he CCd on an email weren't listed in order of seniority. Click…

Tony and 58 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…

Brad and 50 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…

Rob and 41 others: If you are sitting in front of a Business owner looking for a complete company and personal review. The company turns over in excess of 30 million. How do you explain the concept of restricted advice. Surely when he asks , if you are independent and you have to try to explain that your not and the concept of a restricted proposition surely it puts you on a back foot straight away. I am restricted but just trying to get my head around this as we have exposure to a number of these sorts of clients now.

Happy to hear from restricted advisers how they would deal with this sort of situation. Click…

Brian and 41 others: Chartered Status without exams - good idea? 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.

Anyone else have a strong justification to use one or the other? 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 Post… Click to view…

Andy and 36 others: One off pieces of work. Just after some rough examples of what others may charge for the following:

• AA charges and carry forward calculations for tapered earner inc analysis of last 5 years returns, payslips and Pension inputs.

• Review and consolidation of 2 existing pensions (£160k).

I don't charge initials and I also don't offer one off bits of work. This was for wife of a client. I've offered 0.5% ongoing (£66pm!) but she has asked if I can do one off fee (I cant, even if I wanted to - its not in my ToB)

I’m putting together my response and want to draw attention to the fantastic bargain I'm offering by highlighting what others may charge. I’ve speculated £2-3k min but would like 'real' figures. Click to help…

Jack and 27 others: Hi all, bit of a technical one that is causing me to tear hair out.

Compliance are essentially telling me that I can't put RLP in place for a client because my report doesn't clearly show that "its for the sole use of the business" and cannot be used for personal gain.

Appreciate you can't use terms such as "clear mortgage" etc but RLP by definition is an employee DIS benefit, which will be paid out to the beneficiaries on death, ie "their family". So how on earth am I meant to word this advice/report?

I'm being told I can't reference the family or "personal" gain in the report as it's business only, but that's literally what the policy is? The way I'm being told this is essentially saying the RLP isn't allowed and they must have Shareholder or KP cover instead.

How am I meant to write this?! 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.

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…

👉 Harnessing the Power of Audio: Why Financial Advisers Should Tune In

In today's fast-paced digital world, staying connected with your clients and prospects is more crucial than ever. But did you know that audio platforms like radio and podcasts are fantastic tools to help you do just that? Here’s how… (Recommended)

😮Emotional intelligence in financial planning

Financial planners who do not invest in emotional intelligence training will lose out in the long run. Great watch from the Financial Planner Life Podcast. Click to listen…

🤝🏻 From Retsina to Reflections - Uncovering Your Best Business Ideas

Picture this: it's been a bright and beautiful blue-skies day and the sun is setting over the Aegean Sea, casting a golden glow on the bobbing boats.

You’re sitting at your favourite coastal taverna, a cold beverage in hand, feeling the warm, gentle sea breeze and relishing time away with your family.

It’s the perfect moment to relax, unwind and let your mind wander. As you sip your drink, you can’t help but ponder a few thoughts about your business...

As financial advisers, it can often be… Click to read…

😮Unbiased increases subscription fees due to rising costs

Surely this is reaching the point where this is becoming unsustainable? Click…

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