Your LifeTalk Insider #68

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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…

🚀 You don’t want to miss this…

Unlock the Power of Accountant Partnerships

Are you looking to develop stronger, more effective referral relationships with accountants that consistently bring high-quality introductions to your business?

Yes? Building these partnerships can unlock a valuable and reliable source of new clients, elevating both your service offering and your long-term success.

Join us at 10am on Tuesday, 12th November for a session that focuses on a marketing strategy many financial advisers recognise as invaluable but often find difficult to implement - working closely with accountants.

In this webinar, I’m thrilled to welcome Johnny Ridd, CEO of RQ and a true expert in building powerful connections with professional partners, particularly accountants. I’ve seen Johnny speak, and we are lucky to have this rare opportunity to tap into his insights. His knowledge is extensive and his practical approach is exactly what we need.

During this session, Johnny and I will explore the real opportunities that exist for advisers to work alongside accountants and other professionals, breaking down the barriers that often hold us back. We’ll discuss how to establish meaningful, trust-based relationships with accountants that benefit both parties - and most importantly, serve your clients better.

You’ll walk away with practical, actionable tips to:

• Navigate common challenges and overcome hesitations that prevent accountants from making referrals

• Position your services as a perfect complement to an accountant’s offering

• Build trust and create ongoing partnerships that can generate a steady stream of high-quality referrals

These types of connections can be transformative for your business, leading to stronger client relationships, better financial outcomes for your clients and a boost to your bottom line. Don’t miss this chance to learn from one of the best in the business!

Mark your calendar now: Tuesday, 12th November at 10am.

This event is free for members of the Adviser Growth Community, where you will also be able to access the recording and 500+ hours of marketing and lead generation training.

Join the Adviser Growth Community below and you will automatically be registered for the live webinar and the recording: Visit here 👉 https://www.skool.com/adviser-growth-community

Rob and 63 others: What is the first question you ask at a new client meeting? Tell us here…

LifeTalk and 68 others: Have you ever worked for a provider?  Click…

LifeTalk member and 44 others: Unbelievable:

I just met with some lovely prospect clients last night who set up a trust last year: Pretty large trust. They wanted to understand what it was since they took it out and then did not understand it - they explained it was the trainee that explained the original advice. I skimmed the suitability report, it was for a discounted gift trust so I explained that and said it was brilliant advice (I would have recommended the same). So I thought meeting over.

Then I am chatting to the settlor and she says she does not have enough income, so I asked where is the trust income going? Sea of blank faces from all 3 trustees; out comes 12 months bank statements from 2 bank accounts - it cannot be found. I then ask for a copy of the trust deed, that's found (we're now 2 hours in!). They've only gone and set up a discretionary trust with no carve-out!

Goodness knows how you deal with that asides complaint. But then how do you compensate for the lost income for the rest of her life? She really needs the money.

How do we find a complaint handling firm that will help them? Click…

Jane and 24 others: 93-year-old husband with maybe 2 years to live and 88-year-old wife, not great health but nothing life-threatening - would you pass funds to wife to do gifting? Any views? Click…

Eugenie and 15 others: Has Pete Matthew / Meaningful Money got his OBE yet? He absolutely should do. I think it should be mandatory for all new entrants into the profession to sit through this back catalogue. What an absolute legend he is! Click…

Paddy and 38 others: Client has just been told they'll be paid a bonus of just under £1,000,000 next year, just before they retire. it - Max tapered already and contributing 10k

They're by no means HNW, but have enough to retire at this point. I'm leaning towards just pay the tax and invest the remaining £4-500k in a standard portfolio and live happily ever after as I don't think they will want VCTS etc. Anyone else have any bright ideas? They are fully tapered and partner can only put £2,880 into a pension plan. Click…

Michael and 15 others: Am I correct in thinking that if someone looking to follow 4% rule, they are looking to obtain a rising income over time and leave capital for family. Assume if you are happy to erode the capital then you are able to draw more as 4% does not assume capital erosion. Any thoughts on how much more? 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 9 others: A quick question for those of you on or have set up employed contracts - what notice period is typical for employed advisers? Click…

Jamie and 40 others: A client wants us to invest some money for their son who received it as inheritance from grandparents, circa £50k. Terms of will specify he shouldn't have access until he's 25 which makes it complicated.

Question is how do we set this up? A bond would minimise reporting, but will the trust need to be registered? And whose name is the bond set up in? Not something I've had to deal with before. Any pointers appreciated. Click…

😮 The real prize of AI for IFAs, financial planners and advisers is nothing to do with streamlining processes, writing suitability reports or creating marketing content.

True, it's a good place to start - but the real prize is much bigger than that. Click…

Steven and 10 others: What is people's experience with AI compliance offerings? Looking to trial something and wondering who people would recommend to speak with. Click…

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…

👉 Do you understand what your accountant tells you?

If you're a financial adviser - the answer is probably yes! But here’s something you and your clients might not have considered: Click…

👉 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…

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

For Financial Advice Professionals

• 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

• AI Clones for financial advisers