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Your LifeTalk Insider #59
LifeTalk Insider
August 09, 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…
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New Training for Financial Advisers
The ‘advice gap’ is often seen as a challenge, but it’s also a significant opportunity for forward-thinking financial advisers who may be considering looking into some non regulated activities to complement their current services...
Our 3-part New Markets course provides practical strategies to reach underserved clients profitably. When you join us you’ll learn how to offer scalable coaching and education services that meet the needs of these clients while enhancing your revenue.
Step by step we’ll show you how to get started with real examples.
This market is ready for innovation - are you?
Advisers have been reserving their places here - come and join us…
Included in the programme:
Dedicated forum for all attendees
3 live webinars
3 video recordings
Separate audio recordings
Written summaries
Full transcripts
Nick and 15 others: Large portfolio of ISA's, Bonds, pension and GIA on one platform circa £2.5m - where would you take your ongoing service fee from? Click…
Scott and 14 others: FT Adviser are now charging for conferences. £99, albeit with a 20% discount offer. Who's paying to attend a conference? Click…
Nick and 15 others: Does anybody use generative AI for meeting notes, completing fact finds? If so, who do you use? Click…
Emma and 18 others: Does anyone recommend any good podcasts to listen to related to markets etc? Click…
David and 69 others: How is everybody assessing the suitability of risk profile at each review? Assume that there a no significant changes in circumstances, vulnerability cues or triggers from elsewhere (e.g. cashflow). Click…
Andy and 14 others: Means tested benefits - If a person who is receiving housing benefit inherits a nominee drawdown pension which is say £100k. Does this count as his savings where the limit is £16k and lose the housing benefit? 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…
Andrew and 9 others: In specie transfers from one platform to another. I've been doing quite a few but getting very frustrated when the funds are no longer registered on the ceding scheme and not yet showing on the receiving scheme as the fund manager has not reregistered the fund.
Sometimes this takes days but it has also taken months to appear on the receiving scheme. This can create unwanted concerns for my clients when they can't see the fund showing any where. I've tried contacting the in specie fund managers but they will only deal with the receiving scheme and ceding scheme. What have others done in this situation as I need to have a proper audit trail to show where the funds are at every stage of the transfer? Click…
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…
👉 What's your favourite tool for writing with AI?
I'm interested to know what everyone is using to create AI generated written content at the moment? Also, what are you using it for? Blog posts? Social Media Posts? Emails - something else? Click here…
😮A new search engine IFAs need to be aware of
This new development is something financial advisers and IFAs should be aware of, as it could significantly impact SEO strategies and how clients find information. Here’s a brief overview… Click…
🚀 Looking for a quick, fun and highly effective Summer marketing project?
Try this… Click…
🤝🏻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…
Please don’t keep us a secret - pass this on to your colleagues - thanks in advance…
That’s it for this week…
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As always, thanks for reading and see you next time.
Founder of LifeTalk
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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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