Your LifeTalk Insider #79

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…

Paul and 14 others: I have a client/enquiry who is a trustee of an offshore bond which is held in Dublin via a discretionary trust for his 3 daughters. The spanner in the works is that he is resident and domiciled in the Czech Republic - he is originally from the UK but has lived out there for the past 30 years.

One of his daughters is due her third of the bond which has a total value circa £340k. The other two daughters are somewhat younger so the longevity of the bond is potentially another 12 years.

We don’t have the knowledge of the CR tax laws or the permission to advise someone from the CR, so I need to recommend them to an Adviser who is competent and can advise the trustees properly, as their current IFA based in the UK has lost all confidence by making some very irresponsible comments. Click…

Scott and 29 others: Poll: What is your firm's average annual turnover per IFA?

I'm getting a feel for the health of the market and some comparisons. When voting, is it best to ignore newer/trainee advisers from the figures? that it, if three advisers at your firm have turnover of £160,000 each and the trainee has £50,000 would that be £150k-£250k rather than Under £150k? Click…

LifeTalk and 32 others: To what extent are you considering ways to work with a broader range of clients through education, courses and coaching-style models etc.? Click…

Tansie and 11 others: Has anyone experience of becoming Resolution accredited? Am looking at widening my skillset but haven't heard much about this one. Click…

Ian and 17 others: Has anyone got experience of dealing with a judges pension?

I have a potential client retiring in October and looking for some help. It's an unregulated DB scheme which will give circa £50kpa plus £100k lump sum. He has a private pension and some others too and is concerned he will hit the cap of the TFC but has been told by a colleague the DB scheme won't count towards it because it's unregulated, is that right? Click…

NEW! Financial Planner LinkedIn Profile Photo Frames - Now Available!

A great way to stand out on LinkedIn! 👉 Only £23.99 for a limited period for three different versions/colours. Click here to pay safely and securely. We will then contact you to arrange your photo frame.

Want different wording? Let us know when we contact you.

Got a question? Contact [email protected] 

Philip and 14 others: Were putting together a grid to help us work out what we would charge when for retirement cashflow forecasting and stress testing (without the regulated stuff), based on the amount of time we spend on the various bits of the process. We seem to be getting more of this work (I don’t really know why, but suspect it is because I like it).

I wonder if anybody else has gone through a similar pricing exercise, and might be able to share what they have done (or if anybody is doing the same and wants to work it out together - two heads are better than one). We have done a bit of this work before, but we've been guessing at what we should charge and have got it wrong a few times. Click…

Ray and 15 others: D2C Platforms - If you were to point a friend in the direction of a D2C platform so they could set up a personal pension/SIPP, who would you suggest? Click…

Luke and 36 others: Dictation/transcript app or software recommendation for meeting notes? TIA! Click…

James and 7 others: I'm writing a large IHT policy on a single life basis, rather than joint as the second is uninsurable. The plan is to hold the proceeds in the trust until IHT is due. Likely on the death of the insured but you never know.

I am planning on splitting this across multiple policies/trusts with a view of future periodic charges. Is this the best way, or is there another better way out there that anyone has done before?

How many policies would you split it across, a sum assured of £325k each? it's £5m so could be a fair few policies. Click…

Paddy and 10 others: Client has an accountant but they're not helping, so would appreciate the thoughts of the hive please!

Tech employees/those that receive chunky RSUS. Typically we suggest to clients that they immediately sell their shares upon vesting to avoid future CGT and to diversify.

From now on they will disinvest, at every vesting point BUT they still have a very large holding due to never selling their shares, do you we have to take into account the "Pooled cost" when disinvesting the new vests and therefore they may have to pay CGT anyway until we get them back to £0. Hope that question makes sense! Click…

Nathan and 15 others: If you could start with a blank sheet from a tech stack perspective, what would you go for? I'm thinking platform, CRM, client portal, compliance and cashflow. From a directly authorised perspective? Doesn't have to be a bias to what you already use I'm thinking what you feel would be the perfect set up for your business. Interested in people's thoughts on this. Whether that's what links harmoniously or just best of breed in each category. Click…

Graham and 12 others: I would be interested to find out the assumption for inflation that is used in cash flow planning. Historically inflation has been higher than the Bank of England’s target. Most cashflow software assumes 2.5%, but I’m considering using 3% 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 the Adviser Growth Community:

Recognise and celebrate team achievements

This Valentine's Day, show your team some love 💕. Try this prompt in ChatGPT: Click…

Referrals prompt

Here's a ChatGPT prompt to help attract more referrals: Click…

Did anyone here do door-to-door life insurance selling back in the day?

Not sure which is more difficult, so respect to the two people who turned up on our doorstep last evening asking… 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…

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

• 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