Your LifeTalk Insider #77

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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…

It’s fantastic to see financial advisers already signing up for our upcoming monthly meetups! If you haven’t joined yet, here’s a quick reminder of the big benefits waiting for you:

👍 Proven Format: Each meeting follows a tried-and-tested structure, ensuring you get maximum value from every session.

👍 Fresh Ideas: Discover strategies and insights to grow your business, shared by peers who understand the challenges you face.

👍 Meaningful Connections: Network with like-minded advisers and create valuable relationships that last beyond the meeting.

👍 Real-World Solutions: Walk away with actionable steps you can implement right away.

👍 Supportive Community: No need to go it alone – these meetups are designed to inspire, motivate and guide you.

Maybe feeling nervous about signing up for the LifeTalk meetups? That’s a good sign - it means you care about your progress and are ready to step out of your comfort zone to grow. This isn’t just an event; it’s a chance to gain insights, build connections with your peers at all levels of their careers and take meaningful steps forward in your business.

Whether you’re looking for new ways to attract clients, streamline processes or explore technology in greater depth, our monthly Zoom meetups are the perfect space to learn and grow.

👉 Don’t miss out! Secure your spot today. We'll give you a warm welcome. Learn more and join us 

LifeTalk member and 13 others: Trail commission - Currently undertaking a review on orphaned clients. Found a number of protection policies still paying trail commission (small amounts - less than £50 per annum) but not engaged with these clients. Any adviser charging there once was has been turned off.

Should (if it can) trail commission be turned off? A conversation with a provider a few years ago said it couldn’t be switched off. Maybe that’s changed? Click…

Tom and 15 others: I need some formula help and I've got my head in a muddle! Trying to build an excel formula to calculate the exact value of shares to be sold to incur a chargeable gain in line with the CGT allowance of £3,000, based off of the total value of the overall shareholding and the purchase price of the holding. Appreciate any help! Click…

Darren and 7 others: Morning squad, new adviser here. Vast majority of my meetings are done virtually via teams. I’ve tried to search on here for an answer but not 100% sure.

Can providers for both pensions and protection accept digital signatures for letter of authority? I’ve signed up to Origo but not sure if the signature you need to upload has to be wet or if most providers are happy with e-sign via adobe etc? Is there a list that confirms what each provider accepts?

Proving a pain for clients to print, sign and scan back. Click…

LifeTalk member and 11 others: I'm just trying to gauge industry standards in terms of adviser support. How many employed advisers out there have no paraplanner support?

As an adviser generating around £130-150k of income a year (probably 60/40 split of ongoing/new business) would you expect some level of paraplanner support or would you be happy to do all meeting notes, follow-up letters, record keeping, research, suitability reports etc. yourself on top of all initial and ongoing meetings and everything else such as CPD etc?

Appreciate any thoughts. Click…

LifeTalk Monthly Meetups - find out more here

Discover what’s working for advisers just like you. Fresh ideas, real connections, lasting impact – join the LifeTalk meetups!

LifeTalk member and 18 others: Self employed IFA, currently see c90% of clients face to face and have a relatively decent book but still trying to grow it. Due to family reasons will likely be moving c3 hours away from all of them. Any suggestions on how to manage this? Would it be better to sell the book and start over with new professional connections etc in the new location or am I getting it too much in my head that clients wouldn't migrate to Zoom/Teams? Click…

Denise and 11 others: Are there any recommendations for providing ongoing service to low-value drawdown clients?

Conscious of our responsibilities under consumer duty and the current spotlight on ‘at retirement’, but we also need a proposition/solution which is commercially viable. We’d be happy to consider technology if the right solution is available. Click…

The Two Phils are back!

As a special New Year treat we will be reuniting the 'two Phils' for a special live recording of the Adviser Lives podcast. Register now for Phil Bray of the acclaimed Yardstick Agency and Philip Calvert of LifeTalk as they reveal the Financial Adviser New Year Marketing Resolutions.

Some of you will remember their amazing full day live workshop three years ago, so this is a fantastic opportunity to see them present together once again.

The recording of this free event takes place on 23rd January 2025 at midday and you can register here: Click to register…

Lewis and 24 others: Hi guys, is there anyone in here who is nomadic? Ie runs their business and provides advice while traveling?

As I understand it the FCA will not allow you to give advice if not on UK soil, but I’m hoping I’m wrong and have missed something. In this day and age surely we need to adapt. Is it a no no or is anyone out there doing it? (I work with a network so may be their rules). Click…

Niall and 17 others: Hi guys, just wondered if anyone had some guidance? I'm qualified and have just started doing my first wealth cases which I've enjoyed (I'm a mortgage adviser so have picked up some pension/investment cases through existing clients).

Is there any additional training that is being offered by experienced / recently retired advisers? Although my network are good at guiding you through cases when you pick them up, it would be great to have a better understanding of general processes and structure to client meetings. Click…

Brian: Advisers: do you do a 'free review' (not providing advice) for new prospective clients? If you do, how far does this extend? I'd be interested in your comments! Click…

Howard and 30 others: Forgive me if this has been addressed: is anyone using AI specifically for annual suitability reports, please? If so; which are the best, please? Click…

Phil and 97 others: Huge numbers of financial advisers are now using LinkedIn. Not surprising because it's a powerhouse of opportunity if you use it right. However this year there have been a few changes to the algorithm, which means that many posts are not getting the attention they could be.

I've put together 20 tips in a short guide on what you should be looking to focus on in 2025. If you would like a copy just let me know - email [email protected]

Posts from Adviser Growth Community this week:

Your To Do list tool might be about to change

OpenAI Introduces 'Tasks' in ChatGPT - here’s why it’s important. Click…

Do clients send you WhatsApp voice notes? Here's a useful hack

WhatsApp has a feature that can save you time when someone sends you a long voice note. Click…

How to work in a niche market

Here's a quick guide you might find useful. Example, notes, what is a niche, how to get known in a niche, content ideas etc.

Hope you'll find it useful. Click…

👨‍💼 🙋‍♀️ 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.

👉 Now with a 7 day free trial.

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

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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.

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