Prestwood Group, the company behind Truth and Prestwood Software, has launched a coaching and mentoring programme to help financial planners transition their business ahead of the retail distribution review.
The programme is spread over four to six months and includes tutorials and practical support. It is led by a team of eight mentors based across the UK who will provide tailored support and mentoring to firms, as well as recommending processes.
The mentors are: Yvonne Goodwin Wealth Management managing director Yvonne Goodwin; Johnston Financial founder Adrian Johnston; Astute Financial Planning founder Ian O’Connor; Institute of Financial Planning vice president Marlene Shalton; Stafford and Co partner Phil Stafford; Hudsons senior partner Richard Hudson; Dunham Financial Services director Rebecca Taylor; and Broadway Financial Planning founder Simon Williamson.
Prestwood Group chairman Paul Etheridge says: “What we are seeing all the time are large numbers of advisers who are trapped in a transactional business process and see no way for them to move their business model to become RDR compliant.
“The RDR gives advisers so many great opportunities to change the way they do business. Our coaching and mentoring programme provides a well-structured approach to transition combining intense tutorials with on-the-job implementation.
“The programme is subsidised by Prestwood to encourage participation at all levels of the business.”