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Diary of an IFA
Sense of community
With BA Fleming & Partners’ transition to fees complete, managing director Lisa Chantrey explains how it is giving its advisers a sense of ownership
Systematic approach will yield results
It is clear from your update that you have been busy but it is also evident that your activities have been both focused and have delivered tangible results and improvements. Importantly, you have a business plan this places you in a minority of intermediaries (fewer than 25 per cent of the firms we meet have one) and even fewer review it regularly.
Professional process
Continuing our focus on the RDR transition, Kevin Cannon of MGP Chartered Financial Planners discusses the changes that need to be made
Features
Driving force
Poor service and lack of client contact are often the reasons why businesses lose clients but creating a consistent review service will build value and ensure your clients’ financial engine is running smoothly
Choices and challenges
As well as product and distribution choices in the run-up to the RDR, asset managers will also face consolidation of fund ranges and a squeeze on TERs as investors try to get cheaper fund fees
Up to the mark
The FSA is clamping down on firms which fail on training and compliance and sending a clear message that T&C breaches will not be tolerated and businesses must ensure that their schemes hit their targets
No time to sit and wait
I will get straight to the point we now have only 13 months left until the implementation of the RDR, so how far along the transformation route are you?
Education
This time it's personal
Peter Cave, chartered financial planner and senior R03 examiner for the Chartered Insurance Institute, provides exam tips for passing R03, personal taxation, with a warning that candidates should not just rely on experience but instead set aside plenty of time for revision
Act on client feedback
Hopefully, my article last month got practices thinking about where the charge points in their advice process are going to be and what charging methods they are going to use, be it hourly rates, fixed fees or a percentage of assets.
A touch of Genius
In the relatively short time since I left formal education, the act of learning has changed dramatically.
Dear Rob & Roderic...
Our resident agony uncles and The Ideas Lab directors Rob Reid and Roderic Rennison answer adviser questions
Leader
Leader
It is that time of year when people start making plans for 2012. For advisers, 2012 may prove the busiest year of RDR transition yet, depending on how far they are down the road to compliance.
Exam diary
Time is too tight
With just over a year to go to meet my self-imposed qualifications deadline, I am starting to feel that I might not reach my goal.
