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News.
Are the FCA trying to reduce your fees?
Did you catch the latest article on CityWire about the FCAs “Consumer Duty Supervision” and its focus on Adviser fees? Once again, hard working Advisers who may have spent years establishing a valuable and sustainable business could find themselves under threat from the regulator changing the rules and trying [...]
It’s the end of an era
After 6 ‘wonderful years’ of providing great financial advice for our clients and 6 years of dealing with constant regulatory changes, the arrival of ambulance chasers making spurious complaints and increasing costs of doing business like increasing PI Premiums we have taken the plunge and have deregulated Periscope Wealth. [...]
3 different deals with 3 different Financial Advice firms
This week we have agreed 3 different deals with 3 different Financial Advice firms and they all have one thing in common This week we have agreed 3 different deals with 3 different Financial Advice firms and they all have one thing in common: The first is an [...]
How much is that 50k pension client worth to you?
Is it £500 per year? Is it £250 per year? Is it somewhere in between? You took care of him a few years back and like a good financial adviser continue to stay in touch! Maybe he gives you lots of referrals? Maybe you’re massively important to [...]
Over 60% of Financial Advisers expected to sell up in the next 3 years
Life’s too short for regrets! With over 60% of Financial Advisers expected to sell up in the next 3 years I’d be surprised if you haven’t already received multiple offers for your business over the years. Finding a suitor can be challenging as the more successful you [...]
Worried you can’t sell your book? Historic advice causing you issues?
This week I spoke to the 3 financial advisers facing the same challenge, namely Claims Management Companies (Ambulance Chasers) or clients with selective memory loss raising complaints in the hopes of compensation. When the Ombudsman or the Regulators get involved it’s not uncommon for advisers to be [...]
DB Transfer Advice Keeping you up at night?
Defined Benefit Advice In Last 5 Years? PI Costs Sky Rocketing? Worried About Complaints? With the FCA effectively making 'compliant' DB transfer advice all but impossible, whether our clients understood the risks of the advice at the time we provided it, many advisers are bracing themselves for the inevitable [...]
Time and money, need more?
What would you do with more time? Would you use it to focus on specific areas or clients within your business, or would you use it for other pursuits personally and professionally? How can you free up more time? There is a well-known fact that for most [...]