NeedAnAdviser.com has launched a new service to help advisers outsource specialist areas of advice and earn referral commission.
The firm says the service, Advisers United, allows advisers to outsource advice in specialist areas such as pensions transfers, equity release, care fees planning or expatriate advice.
Advisers United also allows advisers to refer clients in non-regulated areas such as wills, powers of attorney and tax returns as an additional service.
Director Ashley Clark says: “The adviser does the fact-find then refers the case to us. We do the administration and research and take on the liability for the advice. A chartered financial planner writes up the suitability report and we do the compliance then fees or commissions are shared up to 50 per cent with the adviser and the client is returned for ongoing services or ringfenced with a no cross-marketing guarantee.”
The firm says the service reduces operating costs for advisers, resulting in a potential reduction in capital adequacy requirements and will also suit those keen to deauthorise completely.