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IFP conference – New model advisers worth more says FP Advance

New model adviser businesses are worth more money than companies that run on traditional models, according to consultant FP Advance.

At the IFP conference in Manchester this week, managing director Brett Davidson said advisers should be making the transition to the new model if they want to increase the value of their business.

He said successful new model companies know where they add value to the business and segment their clients, often culling the bottom 10 per cent of their client base.

He said: “That’s quite difficult for many people to do but if you want to be hard nosed and really focus on growing the value of your business you have to consider whether your client quality is high enough to achieve what you want.”

Davidson added that the important thing about remuneration is not what form it comes in but that it is transparent and clients know exactly how they are being charged.

He said: “The new model debate is not about fees versus commission, I’m not even going to get into that. Adviser just need to realise that however you charge people, they will figure it out and you have to show how you put a quid in their pocket over and above your profit.”


Tories pledge to triple IHT threshold

The Conservatives have pledged £3bn in tax cuts to more than triple the inheritance tax threshold to £1m and double the stamp duty threshold to £250,000 for first-time buyers, with both policies being paid for by a £25,000 annual flat tax on non-domiciles.The present IHT threshold is £300,000 and for stamp duty it is £125,000.At […]

‘Sub-prime rates were cut too far’

Non-conforming lenders have overstepped the mark for sub-prime clients by reducing rates too much over the last year, according to Em Financial managing director Roger Morris.Morris told the Money Marketing sub-prime round table discussion that the low rates supplied by non-conforming lenders has sent a strong signal to consumers that it is OK not to […]


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