Your LifeTalk Insider #65

Facebook Group | Adviser Growth Community | Instagram |
 Melo | AI Prompt Vault

Welcome back…

From LifeTalk and Adviser Growth Community this week:

Thanks to everyone who has subscribed to LifeTalk Insider - Let’s get stuck in…

Rob and 46 others: What’s the first question you ask at a new client meeting? Click…

Brad and 19 others: Our standard suitability report has an 'executive summary' which covers off the clients circumstances and objectives, the recommendation and fees. But I am toying with the idea of putting a 'benefits of following this advice' section in.

Do any of you do this? Click…

Dave and 12 others: If you were going to recommend 2 books to a relatively new adviser to read. What would they be? Click…

Harry and 30 others: I’ve recently had a new client push back on fees (even suggest they will manage things for themselves). At what point do other advisors walk away from new business when fees are a barrier for the client. Should I go back with a counter offer or walk away? Click…

LifeTalk member and 77 others: Would welcome others input on my own personal dilemma. I rent a very lovely house for a very reasonable rate £2300/month, house worth approx £950k. Landlord lovely and I’d be surprised if they ever sold. However I’m in my 40s with children and I would like to make a house a home etc. But the financials don’t seem to stack up. Question…

Dan and 58 others: What would you do in this situation…

Client has recently taken majority of TFC to pay off high interest debts which was a no brainer. 55, still working, higher rate tax payer and living beyond means but is looking to reduce a start bigger regular pension contributions. Click…

Iain and 7 others: I’m an Adviser nearing the end of my career. I met a young lad who has just left University and has an Accountancy degree. I explained what we do and he was pretty impressed - he strikes me as personality who’d thrive. Not having brought anyone into the industry for a while - has anyone any suggestions where he’d start to find out? Click…

Rikesh and 27 others: Cash Management Platforms.

I tend to recommend NS&I for personal funds. However, I have a few business owners holding large amounts of cash (£1m+) within their LTDs. No investment risk is possible as funds are short term and must be kept in the company's name. They've approached their banks who aren't interested.

Has anyone completed detailed DD on Insignis or Flagstone. Thoughts? Any other providers? Click…

New! Need some ideas to get better results from ChatGPT?

Take a look at the AI Prompt Vault - a brand new resource and community with the focus solely on making the most of ChatGPT and other generative AI tools.  Includes new AI prompts you can copy every day. Visit here 👉 Click…

Dan and 10 others: Seeking a Mentor - I'm currently working in a paraplanning role and looking to transition into an adviser position within the next 12-18 months. I'm eager to get as much experience and practical learning as possible before making the move. I'm looking for a mentor who would be willing to help me with:

• Role plays that challenge my thinking around client behaviour and different scenarios
• Setting homework—things to read, watch (videos/blogs), or study to deepen my understanding
• Testing my knowledge in real-world scenarios, with feedback and guidance

If anyone is open to helping me build these skills and prepare for the next step in my career, I'd be incredibly grateful. Thanks in advance! Click…

Louise and 13 others: I have a client who should get a refund of fees because he hasn’t engaged with us for a while. He’s only got a pension with us, if we refund fees and the provider can’t facilitate it, is that an unauthorised payment? Click…

Gregory and 14 others: If someone gives 10% Of their estate to charity it reduces their IHT rate. Does that include any lifetime gifts. I'm assuming the answer is no but just hoping it does. Click…

LifeTalk member and 24 others: New DA support. I am a one man band IFA, currently paying for Simply biz but basically its.... just not all that! Lets leave it at that!. Does anyone know of any support services they think are better, small concern below £100k turnover. Oh that means staying DA in my own right not joining a firm or a network. Click…

Simon and 21 others: My own buildings & contents renewal has just gone up to £1,567.98 from £932.02 with Zurich last year, who've apparently exited the market. I am not a fan of comparison websites. Can anyone please recommend a decent GI broker? Click…

Jim and 42 others: If for whatever reason you had to leave your current job/field (obviously financial services for us), and assuming you still had to work to pay the bills, etc., what career/work/job would you pursue instead? Click…

😮 I've now seen five examples of financial advisers who have attracted new clients because their websites were recommended in ChatGPT.

This is very good news for a wide range of advisers looking for new leads and it puts smaller advisers on a par with larger firms for visibility online.

ChatGPT is looking for certain specific things on financial advisers' websites, so AI search results can be influenced in a variety of quite simple ways. We now have a comprehensive How To guide on how this works and how you can dramatically improve your chances of being found in ChatGPT search results.

Get yours here…

Posts from Adviser Growth Community this week:

👨‍💼 🙋‍♀️ Here’s why financial advisers like you are joining Adviser Growth Community

The Adviser Growth Community - brings together financial advisers experiencing change or transition in their business so that they can gain clarity whilst also attracting more of their ideal clients.

If that’s you, you should come and join us…

👉 How to write more effective LinkedIn posts as an adviser

Here’s a tip that will help financial planners make better use of LinkedIn - and anywhere else you post content.  Read more…

The grass is greener - where you water it

As financial advisers, we've all been there - excited by the latest marketing trend, convinced it will be the thing that brings in a flood of new clients. You give it a go, but when the results don’t come as fast as you'd like, it's tempting to jump to the next shiny new tactic. Surely, that will be where the grass is greener, right? Read more…

ISMA Stress & Wellbeing Summit 2024

This is a topic that is becoming increasingly relevant and important amongst the financial planning community. The Global Stress & Wellbeing Summit begins on Wednesday 6 November, with the 2024 programme having something for everyone with an interest in stress management, mental health, wellbeing and workplace performance. Read more…

🚀 Latest networking events

Here is the latest list of online and in person networking events around the UK. Click here…

😮 Which personal goal would make the biggest difference in helping you achieve your best year ever?

Take the poll…

If you could change one aspect of the financial planning world, what would it be?

...and how do you think that change would improve things for both clients and advisers? Whether it’s about regulations, client engagement or industry practices, share your thoughts on what could make a real difference. Click…

Share LifeTalk Insider

Please don’t keep us a secret - pass this on to your colleagues - thanks in advance…

That’s it for this week…

If you have enjoyed LifeTalk Insider, please forward this to your colleagues and suggest they subscribe here

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

If you have adviser friends or colleagues, or office team members who you think would benefit from joining LifeTalk, please copy and send them this link: https://www.facebook.com/groups/AdviserLifeTalk

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