Your LifeTalk Insider #94

Facebook Group | Adviser Growth Community | Melo | Financial Adviser Lead Generation System™ | The Third Space

Welcome back…

From LifeTalk this week:

Thanks to all our new subscribers after joining LifeTalk on Facebook - Let’s get stuck in…

A new business model for financial advisers…

After 47 years working with advisers, one thing has become strikingly clear. Despite countless regulatory shifts, the core way most advisers work with clients has barely moved. It's still largely one to one, often on Zoom and Teams, and always dependent on the adviser being present.

But now something interesting is happening. 

More and more advisers are exploring a model that gives them predictable revenue, room to scale and the ability to serve people who would never usually fit their traditional proposition. Not by replacing advice, but by adding a layer of education and coaching that sits comfortably alongside what they already do.

And the best part? You don’t need to overhaul anything. You can test this model quietly, safely and at your own pace. Many advisers are already taking the first steps simply by understanding the framework.

One UK adviser is already attracting £15-20K per month in income purely from this model.

If you’re curious about what this looks like in practice, your next step is easy.

Order your copy on Amazon today.  And when you forward your Amazon receipt to me, you’ll unlock access to the acclaimed Adviser Growth Community, including the dedicated discussion thread for The Third Space. 

It’s where we share ideas around this new model, explore early experiments and much more.  It is a space where the model starts to make sense very quickly.

I'm really excited about today's launch and hope you'll enjoy the book.

👉 Get your copy here:  https://www.amazon.co.uk/dp/1739385934

As usual there are multiple questions and comments about the Budget within the LifeTalk group. There are too many to highlight here but you can take a look and add your thoughts and opinions here…

Darren and 101 others: It must be nearly time for the 3rd Annual Worst Service Provider Of The Year Awards, or WSPOTY as the cool kids will not be calling it.

As ever I will be your impartial (ish) host and organiser but you lot are the judge and jury. That being the case I need your nominations please. We don't have categories, just one over all prize in a winner takes all fight to the death. Well, OK we have 2nd and 3rd as well but we all know the real prize is the turd rolled in glitter.

I will accept any provider, platform, pension administrator or IT provider nominations. Click here…

Lee and 46 others: Dimensional or Timeline?

Curious to hear from those who use either in their CIP, why? What do you like about the one you use and was there anything specific that made you go with one over the other? Click here…

LifeTalk member and 32 others: I feel like I’ve messed up my career and I’d really value some perspectives. Not looking for sympathy—just honest thoughts.

I started out in financial planning a few years ago, working my way up from a junior support role into paraplanning. Eventually I stepped into a regulated adviser role, which was something I genuinely worked hard towards and was excited about.

But the reality was pretty rough. I didn’t get the support or mentorship I needed to actually succeed. Instead of being coached or developed, I was told I wasn’t good enough—twice, in two different environments. That really knocked my confidence. Read more…

LifeTalk member and 34 others: A few adviser colleagues and I, frustrated with our current network due to costs (12% plus of annual earnings), are considering collaborating and exploring Direct Authorisation as a group. Each of us manages around £30–50 million AUM. We want to keep our own client books but create something independent.

Has anyone here taken a similar route, and what have been your experiences with costs and effectiveness? We feel like overall we likely have 150-180k between us in fees to use against this setup and be no worse off!

Overall aim to keep costs down if this is realistic? Click…

Brad and 38 others: Platforms... (sigh)

We are putting a lot of business with Fundment at the moment, so much so that we'll soon have over 50% of our entire assets held with them. We are concerned that, if anything goes wrong with Fundment - we are over exposed to them and so would like a similar platform for a few other cases to help diversify this risk.

I'm open to suggestions, thank you! Click here…

Paul and 32 others: I'd love some criticism!:

I have a single 82 year old client, memory beginning to fade but no reason to think she does not have legal capacity (but I would never do a meeting without a third party present).

She has a property worth about £700k and a portfolio (mostly GIA some ISA) of about £400k. She is withdrawing 10% of the portfolio (virtually no state pension). She is worried about IHT. I could put the GIA into a DGT and set the income at 10%. It will run out probably run out before her (her Mum lived to 100) but she knows we will need to use the equity in the property.

The children are sufficiently wealthy that they will bail her out if needed. Read more…

From the Adviser Growth Community:

News from the Adviser Growth Community

👉 We now have a map feature in the group so that you can see where other members are located. Why not arrange impromptu meetups?

👉 We now pay you for introducing new paying members to the group - that’s 40% affiliate payment to you.

👉 The group has a Calendar feature so that you can keep up to date on our own and industry events.

👉 The Classroom area of the group has hundreds of hours of fantastic content.

👉 You can filter posts within the group by topic, making it incredibly easy to find posts of interest to you.

👉 There’s no algorithm that decides which posts you see!

👉 You can now get a 7 day free trial when you join Adviser Growth Community - come and check us out before you subscribe.

👨‍💼 🙋‍♀️ 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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