Welcome to LifeTalk Insider #3

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LifeTalk Insider
May 19, 2023 • Estimated Reading Time: 6 minutes

From the LifeTalk forum week ending 19th May

A fair salary for an IFA responsible for £230k recurring income and doing £70k initial fees. Question…

I am a one man band with an admin/paraplanner looking to go DA soon, have spoken to 360 and Simplybiz. Question…

Imagine for a moment you could travel back in time to the day you became a financial adviser. What are you going to tell your younger self? 

We were advised today by a DFM, that if we offer a blended solution to a client ie: one of their wrappers with DFM A and the other wrapper with DFM B, we effectively become a "manufacturer". Question…

I am a fairly new IFA and I would really like to learn about cash flow modelling. I had a look at a couple of systems (Fin Calc and Cash Calc). Question…

Your opinion/experience with Unbiased. Question...

My take on the latest pricing announcements from Intelliflo. If you are an existing Intelliflo user how do you feel about this move?

Discounting fees and consumer duty. I've just had an interesting discussion about it with our compliance guy and he reckons that discounting fees post consumer duty will be a no no. Question…

I'm amazed at how great product providers are. All of their products offer great value to everyone in the target market, which is, more or less, everyone. Thoughts…?

Blast from the Past

Philip interviews author and financial planning thought leader George Kinder in January 2019. George is globally recognised as the Father of Life Planning and is a highly regarded mentor to many financial planners in the UK. Watch…

From LifeTalk Marketing

The 2023 Edition of Marketing and Lead Generation for Financial Advice Professionals is out now at https://bit.ly/FinancialAdviserMarketing

From Prospects to Profits - Discover Proven Strategies for Financial Advisers to Attract More of their Ideal Clients.

Now at almost five hundred pages, this incredible book shares a colossal wealth of knowledge, tips, ideas, strategies, case studies and best practice on how to promote your service and attract high quality clients.

From tried and tested 'old school' marketing techniques, right up to marketing with AI and ChatGPT, Marketing and Lead Generation for Financial Advice Professionals has it all.

Get more marketing and lead generation tips in our dedicated Marketing group for financial advisers here.

Training for Financial Advisers

Webinar “An Introduction to AI for Marketing & Lead Generation for Financial Advisers” 7th June 2023. Register here.

What I’m reading

Atomic Habits by James Clear. People think that when you want to change your life, you need to think big. But world-renowned habits expert James Clear has discovered another way. He knows that real change comes from the compound effect of hundreds of small decisions: doing two push-ups a day, waking up five minutes early, or holding a single short phone call. He calls them atomic habits.

Clears reveals exactly how these minuscule changes can grow into such life-altering outcomes. On Amazon here.

App of the Week

Goodreads is a social cataloguing app that allows individuals to search its database of books, annotations, quotes, and reviews, and is the world’s largest site for readers and book recommendations. With a Goodreads account, you can keep track of what you're reading and write book reviews. Once you rate books or mark them as read, Goodreads will recommend new books for you to read. You can also enter giveaways for new books, join book clubs, comment on forums, and more.

Quote of the Week

“You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you.” Maya Angelou

That’s it for this week…

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

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