Your LifeTalk Insider #60

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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…

I’m sensing real frustration amongst many IFAs about some sources of leads. Pricing, quality and reliability keep coming up...

But maybe we’re approaching this the wrong way.

In many ways, the internet has made us lazy about how we attract leads. We tend to post a website, blog, advert or social media post and then sit back waiting for something to happen.

Tech’s great, but recent stats show that whilst advisers made much greater use of digital tactics during the pandemic, as we progress through 2024 they are now producing lower lead quantities resulting in lower overall satisfaction amongst advisers.

What’s more, advisers are increasingly expressing dissatisfaction with social media and general purpose blogging due to difficulties in standing out in a crowded online environment.

Want to know what works and has worked for five decades if you want a reliable source of right fit clients?

Yes - click here…

Andrew and 13 others: I have had numerous clients who are worried about the chancellor stopping the pension commencement lump sum ( tax-free cash) at the upcoming budget and wanting my thoughts. Question…

Cheryl and 11 others: I’ve recently seen a new client who has a pension invested in Quilter Wealth Select Managed Active 6. It’s not a fund we’ve used before, but Quilter as a DFM are rated by RSMR (the opinion of which we value). Anyone have anything good/bad to say about the quilter portfolios? Click…

Nick and 15 others: Does anybody use generative AI for meeting notes, completing fact finds? If so, who do you use? Click…

LifeTalk member and 17 others: I am looking at an asset sale vs share sale of my business, does anyone know a specialist tax adviser who knows about IFA businesses I could contact please? Click…

LifeTalk member and 20 others: I have a prospective client age 59, who’s wife 62, has sadly passed away leaving him a substantial pension (multiple millions). Is there any sense at all of him moving this to a beneficiary pension in favour of taking the money tax-free? Click…

Paddy and 45 others [POLL]: Renting/owning a physical office space in the high street of a town. Ignoring the obvious cost of maintaining it etc. Purely from a marketing perspective advisers who have one has it generated any additional enquiries over and above website? 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…

LifeTalk member and 4 others: I’m in the process of exploring a potential business purchase. Will leave my current company subsequently, hence anonymity.

What information would you think to ask the seller about their client base to determine the opportunity to you as a potential buyer? Age, employment status, AUM etc. for example. Click…

Jamie and 16 others: A query from an accountant contact—I couldn't find anything in the Pension Tax Manual, so any help would be appreciated:

If a sole trader had personal trading losses of £40,000 in the last tax year and earns £50,000 this year, intending to carry forward those losses, what would their net relevant earnings be for pension purposes in the current year?

Hypothetically, would they be able to make a £40,000 net contribution, resulting in a £50,000 gross? Click…

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…

👉 Question about clients

Would you rather focus on acquiring new clients or deepening relationships with existing ones? Click…

😮Do you miss face to face meetings? And is this creating another problem...

Let's put this in context. I was talking today with an adviser who is based in Bristol and he said before Covid he used to really enjoy meeting clients who were based in London, Birmingham and Manchester.

But he says that most of them are now more than happy with Zoom meetings and that he rarely gets out of the office these days which he misses a lot. Read more…

🚀 Looking for a quick, fun and highly effective Summer marketing project?

Try this… Click…

✍️ 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…

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That’s it for this week…

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