Welcome to LifeTalk Insider #14

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LifeTalk Insider
August 04, 2023 • Estimated Reading Time: 9 minutes

From the LifeTalk forum week ending 4th August

Welcome back and thanks to everyone who has subscribed to LifeTalk Insider - your weekly summary of the top posts in the LifeTalk groups. Here’s this week’s selection…

Jack and 23 others: Unbiased - plenty of chat about them in previous posts I know, but blood boiling. Anyone finding they're flat out refusing to refund anything? Click…

Brian and 3 others: A close friend is being asked to invest in this. I've not heard of them before. Any thoughts? Click…

Alex and 12 others: Anyone got any ideas how to improve writing skills for a paraplanner, specifically reports? Click…

Neale and 14 others: Any tips for document storage on IO? I am a new 1 man band DA firm here. I am using IO for the first time so it's all new. Click…

Rohit and 9 others: So, I am a young firm with an average size of assets of £300-400k. I have a potential opportunity with a family that has between £10-20 million to invest. I have little idea about a proposition or charging structure at this level of assets. I would love to talk to IFAs who manage UHNW clients like this to learn more. Click…

Michael and 57 others: I'm returning to giving financial advice shortly as a trading style of an established, directly authorised firm. I've set up a limited company to receive my fee split from the principal firm. However, I am struggling to get a business bank account. Question…

Jim and 5 others: Someone needs to explain to Pru that you can't be "...unusually busy at the moment" every single time anyone ever calls you. That's just "usual busy", and you should damn well have sufficient staff to deal with it. Click…

David and 10 others: LISAs seem to have some distinct advantages over pensions for those basic rate tax payers young enough to access them. Feel free to debate this, but my main query is to what reason why so many platforms exclude them as a product option? I'm assuming some barrier to entry exists but I can't think what this could be. Click…

Jim and 53 others: Client has gotten themselves in a sticky financial situation, putting down £2,000 deposit for a cruise and thought they had enough cash in the bank to pay the balance but didn't. Balance is due by 4th August otherwise they lose their booking and the deposit. As such, they need a withdrawal from their Pru bond ASAP. Pru require wet signature on physical form, so the form is sent next day recorded deliver to Pru, arriving on 17th July. Read more…

Post of the Week

Taylor and 25 others: Looking for friendly support, please. We are a young firm and unfortunately today we have had the heart-breaking news that one of our clients has passed away at 56. It has hit me quite hard, I only spoke to him 20 days ago to complete his review!

Support would be appreciated regarding how we can support his wife in the best way and what you have done before when a client passes away, all tips/guidance are welcome. Click…

Adviser Training 6th September

We're delighted to introduce our upcoming webinar: Creating Connections and Conversions: How to Build a Profitable Presence on LinkedIn.

As experts in the financial advice and planning world, you understand how essential it is to attract your ideal clients to expand your practice and remain profitable. But are you exploiting LinkedIn to its full potential to meet this objective?

Here's why financial advisers have been reserving their place for this all new webinar:

Understanding LinkedIn's Evolving Landscape: With the constant changes in digital platforms, LinkedIn has seen significant developments in its functionality and algorithms. These changes greatly impact how you interact with prospective clients on the platform. This is crucial knowledge for maintaining a competitive edge and being visible in LinkedIn search results.

Targeting the Right Audience: Fed up with attracting only recruiters and inappropriate leads? We'll demonstrate how to fine-tune your LinkedIn tactics, optimise your strategy and engage with only high-quality prospects that fit your preferred profile.

Practical, Actionable Strategies: This webinar goes beyond theory. We'll provide you with practical, implementable strategies that you can apply right away. This isn't just about gaining knowledge - it's about real-world application.

Amplifying Personal Branding: Your personal brand extends beyond your job title - it embodies your expertise, values and commitment to your clients. We'll guide you on how to fortify your brand on LinkedIn to better attract and retain your ideal clients.

Expanding Your Network: Learn how to not just grow your network, but also cultivate valuable introducers who can open doors to potential clients. Networking is more than just having a vast number of connections, it's about having the right connections.

Approaching this webinar with an open mind is essential, as we will be challenging many conventional beliefs and strategies about client acquisition on LinkedIn. With the correct approach, you can transform your LinkedIn experience from a basic networking tool into a highly profitable asset of your business.

Hosted at our expense, seize this opportunity to learn how to strategically utilise LinkedIn to amplify your profile and expertise.

Secure your spot today for our online workshop at 10.30 am on 6th September. Please allow up to 90 minutes for your training. Click to reserve your place.

This is a real screenshot of someone’s LinkedIn profile views who followed the advice given in the training…

From LifeTalk Marketing

Networking - The latest list of regional networking events around the UK is available now. Click…

The Intergenerational Wealth Report 2023: Interesting report and clearly one that can be interpreted in a variety of different ways depending on the market you target. Either way, as a profession there is still much much more we can be doing to explain what we actually do. Click…

Marketing opportunities that have come about as a result of Consumer Duty…

As financial advisers, IFAs and financial planners prepare for the new Consumer Duty regime in the UK, there is more than just a regulatory compliance shift at play. With this significant shift in expectations from the FCA comes a unique set of opportunities for financial services businesses to differentiate themselves, strengthen their brands and create genuine, value-driven relationships with their customers. Click for more…

Money Quote of the Week

“It’s not the employer who pays the wages. Employers only handle the money. It’s the customer who pays the wages.” Henry Ford

From the LifeTalk AI Best Practice Group

Join our unique AI Best Practice Community, where we dive into techniques and strategies for using AI to enhance and improve your lead generation and business processes as a professional financial adviser. 

"Hosted as a premium private group on Facebook, whether you are completely new to AI or already an experienced user, the community will be a valuable investment in your future." 

AI is a fast-moving technology and your group will keep you up to date and on top of latest developments that are relevant to the financial advice community. 

Join other IFAs and financial planners in our AI Best Practice Group here…

Recommended Book

Marketing and Lead Generation for Financial Advice Professionals: From Prospects to Profits - Proven Strategies for Financial Advisers to Attract More of their Ideal Clients

Out now - get your copy here…

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