Your LifeTalk Insider #66

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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…

We have over 7,000 members in our LinkedIn group, and today we reached 4,000 in our Facebook group 🎉

We’re really excited about this milestone but even more so because in any given month between 75% and 85% of members are active in the group in some way shape or form.

If that’s you - thank you! We really appreciate everyone who contributes to LifeTalk.

New!

The real prize of AI for financial advisers isn’t the ability to create marketing content and suitability reports - it’s much bigger and far more exciting than that!

Discover where AI is taking the financial advice profession in my new book which is out today! You may well be surprised…

Available now on Amazon. 👉 Get your copy here…

Martin and 24 others: Yesterday’s insanity…

I had a meeting with a client who I have been struggling to get into their annual review meeting. Anyway I managed after much chasing to get her into a meeting minus her husband. All became clear very quickly.

He wasn’t prepared to turn up because he said he would beat me up… Read more…

LifeTalk and 52 others: Have you ever worked for a provider? Click…

Jamie and 15 others: We're in the early stages of researching a CRM that is fit for purpose. We currently use IO and find it dated, expensive and hard work. Question…

Vicki and 68 others: What percentage of your clients have you assessed as vulnerable? [Poll]

Howard and 11 others: We're reviewing our fees. Just wondering if anyone would share how advisors taper their fees. Click…

Brad and 12 others: Who are your 'go to' on platform trust (inc bond) providers? I love Fundment but am not convinced by their outsourced bond (and I presume trust) proposition.

We have used Quilter in the past and I'm happy with them, I just wanted to see if there's any better solutions out there? Click…

LifeTalk member and 5 others: Out of interest - anyone who does outsource paraplanning how do you charge? Do you have a retainer for each client or an hourly charge or a fixed fee per case? Click…

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…

LifeTalk member and 7 others: I keep getting messages from Unbiased explaining how I am missing out after unsubscribing. Has anyone recent experience with unbiased. Looked on the website and they now want £300 per month instead of £145 per month too! Question…

LifeTalk member and 19 others: I’m part of a network where standards and support have slipped as well as a few other significant issues over the last 12 months. I’m subsequently looking to move on and would ideally like to move to a forward thinking, progressive DA firm and move with my clients.

Circa £11m FUM and business turnover increasing year on year which will hit £150k this year and should break £200k next year. Most of my clients come through via social media and work remotely so being able to continue with that route is incredibly important to my business.

I’m investing a decent amount of time for the rest of this year in digital marketing, sales funnels, landing pages and a coaching qualification. Any help, guidance, chats would be greatly appreciated. Click…

Eugenie and 46 others: Consolidating pensions when there's a super cheap workplace pension involved. I've got a consolidation exercise on the go, 5 paid up pensions. About £350k in total.

One of them is an L&G Worksave pension (Marks and Spencer scheme) with an AMC of 0.06% with all the bells and whistles, apart from huge fund range. I am considering recommending they all go into that one. It'll be off piste for me as I've not organised transfers into a L&G Worksave pension before. Am I crazy? They facilitate adviser charging and I can't find a reason not to recommend it, other than fund range which isn't too bad. I can put together an ok portfolio from what's available.

What would you do? Click…

Lucy and 23 others: Anybody having positive experiences with a SIPP provider that can hold commercial property? I have a new opportunity and keen to explore who to go to - I have my own experiences of various providers and not found ‘the one’ yet! Thoughts very much appreciated. Click…

Louise and 15 others: I know we aren’t advising based on speculation, but how are you handling clients that really want to crystallise gains in their GIAs before the budget, while they have a known rate of tax? 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…

👉 AI and deepfake voices

Hi all

A listener to my podcast emailed and asked if I had 'given' my voice to Google AI? I replied that I hadn't and he sent me the link below.

He used Google's Notebook LM to summarise a document in the form of a podcast. The output is a roughly 10-minute audio conversation between two American-sounding AI voices talking about net income and the like.

Then, if you listen from 8:30 in, you'll hear the voices morph into one that sounds uncannily like me. I can only guess that Google is scraping audio and YouTube content and using it to build voice models.

It's damn clever (and a little bit flattering that Google has identified me as the voice of UK finance ;-) but it does beg the question about how it could be used by bad actors. Click…

The impact of the internet

How do you meet your spouse, IFA, yoga teacher - anyone...

Brilliant data visualisation here…

👉List of financial planning firms that are recruiting

I spotted this on LinkedIn - it's quite impressive and could be useful for someone here…

🚀 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…

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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