You can’t rely on clients accurately re-calling conversations, but SOAs (as they currently exist) are not an exclusively effective way of communicating advice to a client. Somewhere in between, we enter the world of complete and contemporaneous file notes, and other records of communication.
BT’s Stella Network has been relaunched by Professional Planner to support greater diversity in advice, and to encourage and retain more women in financial planning careers.
Advice businesses that spent the last few years focusing on fulfilling professional standard requirements could reap the benefits of capital injection.
Building an internal investment team is complex, with high costs, time, compliance, and cultural requirements to overcome. A panel has discussed the merits of pursuing in-house investing and how executing the right strategy can make the exercise a net benefit for an advice practice.
Many existing advisers already have a favourable education pathway compared to new entrants and deploying the experience carve out is a step too far, a panel has argued at the Advice Practitioner Summit.