Your LifeTalk Insider #61

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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…

Every now and again every IFA needs to sense check something and to get a second opinion on a problem, challenge or issue in their business…

And where better to get it from than another adviser who’s faced the same issue - someone who actually understands the needs of financial advice professionals.

We know that’s right, don’t we…

That’s why we’re bringing together financial advisers from all over the UK for their own unique and regular networking opportunity where they can share insights, tackle challenges and learn from one another’s experiences.

There’s something incredibly powerful about getting heads together with other advisers, and by regularly connecting, you’re not only keeping your focus sharp but also equipping yourself with fresh ideas and perspectives that can make a real difference in your business and personal life.

Does that make sense?

Whether you’re navigating a tricky client situation, brainstorming new ways to grow or looking for another set of eyes on something that's bothering you, the LifeTalk monthly Mastermind meet-ups provide the support and collaboration you need to keep making progress.

Once a month, every month at 9.30am on a Thursday over Zoom.

Don’t underestimate the value of connecting with peers who truly understand the unique challenges you face as an adviser!

Join us and see how these sessions can help you make real progress.

Thinking this might be for you?

Advisers are already joining - don’t miss out! Join us all here.

Brian and 7 others: Given these latest stats, should advisers seriously be considering TikTok as part of their marketing strategy? Click…

James and 11 others: Does anyone outsource their paraplanning, and if so, how have you found it? Click…

Jane and 45 others: What should we call our services—advice, planning, or something else? Recent debates have highlighted how confusing this can be for clients. Instead of focusing on titles like "advisor" or "planner," should we standardise the elements of our services and clearly define them? This would help clients understand what we offer.

At the upcoming Consumer Duty conference, I'd like to explore whether we need a standard categorisation for services, differentiating financial planning, cash flow modelling, advice, wealth management, coaching, education, and guidance. Should each firm clearly indicate what they provide?

Perhaps we need a matrix where firms tick the services they offer. This would help clients see beyond fees and understand the actual value provided. It's not about judging quality, but about clarity and consistency across the industry. Thoughts? Click…

Eden and 16 others: Anybody know who does the annuity wrapped in a drawdown plan, these days? Click…

LifeTalk member and 31 others: I’m about to embark on the path to become an IFA at 55, (never too late right?!). I’ve been used to earning 150k upwards per annum. How long do you think it will be before I can reach those levels again? Click…

Paddy and 12 others: If you've maximised all your ISA/Pension allowances etc and want to "enjoy" some of your company profits. Ignoring whether or not it is sensible or a good car. Leasing a brand new Range Rover. If you lease a hybrid vehicle under 50g/km emissions for £1,000om you can offset the whole monthly cost against CT

Your personal liability if you keep yourself at basic rate tax is a BIK of 5% of £92,925 at 20% tax, therefore £929 PLUS employer NI of 13.8% on £92k? So company pays £1,000pm and writes this off against CT and the director pays £929 of BIK plus the NI cost?

Is that correct? is it something worth exploring for someone who likes cars and has "excess profits". Just trying to get my head around it, whilst we don't advise on it feel like I'd like to understand it better. Click…

Andy and 11 others: How many clients have come to you wanting to take some tax free cash from their pension in fear of what labour will do in next budget? Do you deal with them as insistent clients or sympathise and do it anyway as a preventative measure? Click…

Jamie and 14 others: I'm thinking about getting someone to manage my social media. I've had a lot of enquiries from LinkedIn when I put the time in, but I just can't get the enthusiasm to post and engage consistently. Could you share your experiences please? Click…

LifeTalk and 23 others: What’s one thing that keeps you motivated in this profession? 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…

Paul and 18 others: How are other users getting clients to update Voyant? We are currently using the PDF report to export their asset list and then they are updating it and we are double keying it back into Voyant. Very inefficient and not the most professional.

I did look at their web tool for clients but it's not the most easy for clients to use. What are other Voyant users doing to update things like income, mortgage balances, assets not under advice etc etc. In this regard Cashcalc seems much superior. Click…

LifeTalk and 23 others: What’s an unusual client request you have had to manage? Click…

Posts from Adviser Growth Community this week:

👨‍💼 🙋‍♀️ Why IFAs are joining Adviser Growth Community

This graph highlights why financial advisers are joining the Adviser Growth Community (AGC): 74% are experiencing change or transition, with 60% finding it challenging. AGC supports advisers in building resilience, streamlining operations, and achieving balanced, fulfilling professional and personal lives. 👇

If that’s you, come and join us…

👉 Clients starting a new business…

Do you have clients who started a business in their 50s and 60s? Click…

😮What’s the most rewarding aspect of being a financial adviser?

Tell us your experiences. Click…

🚀 Truly one of the best financial planning podcasts I've watched

Featuring guess who… Click…

😮 Why you should stop buying leads…

Here’s a far better way… Click…

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That’s it for this week…

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As always, thanks for reading and see you next time.

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And visit and join our brand new group Adviser Growth here:

For Financial Advice Professionals

• Join the LifeTalk Monthly Mastermind Meeting to grow your financial advice business. Advisers have been joining here.

• 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