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1. Why did you originally decide to attempt the Diploma?
My son, Josh, joined our business; therefore, whilst developing Josh it seemed appropriate that I sit exams with him. Ever since we made that decision we have had fun with the family exam leader board, I am very pleased to say that Josh will overtake me and be Chartered, Certified and Fellow very soon.
2. What have you learnt by completing it?
10 years ago I set up my own practice, having worked for a bank. I’ve developed it into a small, client-friendly practice where I’m now very much a friend and part of the family.
Click here to download the 2015 Budget Review as submitted by Oasis Crescent (UK) Ltd.
RDR for all its good intentions, created a problem argues IFP corporate member IRESS. Taking commission out of the ‘advisory’ equation might have had some merit but it has also resulted in large numbers of consumers (estimates vary but generally agree the figure is millions) who are set to fall into an advice ‘gap’, due to their unwillingness, or inability to pay for ongoing, full financial advice.
As the song says, 'What a difference a day makes'. In my case, what a difference a year makes, writes IFP member Peter Wray.
Symphony Lifestyle Financial Planning launched in January 2014. As a planner within a financial advising firm, it became clear that I would never 'sing from the same hymn sheet' as my colleagues, so things unfortunately had to change. The option of ‘going it alone’ did not really appeal to me – I wanted to be part of an existing financial planning firm.
From Wigan to Bury
In recent years, we have seen technology increasingly used in the back office to manage commissions, produce portfolio valuations, or act as a customer relationship management (CRM) system. While it is vital that we don’t forget this crucial role technology plays ‘behind the scenes’, 2015 will see a step change in how technology is used, moving increasingly to the front office and beyond.
More choice for consumers, more opportunities for you
Greater choice can lead to greater confusion for clients approaching retirement, so they’ll need your help more than ever before. This tax year end offers plenty of opportunities for you and your clients.
Now is an ideal time to make sure your business is ready, willing and able to help new and existing clients assess their overall financial situation this tax year end.
IFP advisers have a long history of adding value for their clients. But have you ever wished you could put an actual value on the value you add? If you have, I’ve got some good news for you.
We’ve recently launched our Adviser’s Alpha programme in the UK. It’s a programme that our US colleagues have been using to help advisers in the States for more than ten years and we’re excited about bringing it to the UK.
A critical challenge facing all platforms now is the increasingly urgent need to respond to users having more and more diverse requirements of the technology.
The truth is that the successful platform of the future demands a much wider range of functionality to support the ever-growing number of business models and client propositions operated by users.
As a single planner firm it can be a daunting prospect trying to keep up to date with everything I need to know. It could easily be a very lonely and scary existence.
I continue to read extensively using resources such as Techlink. I will be attending various CPD workshops including Threesixty’s Retirement Seminar. IFP have two Retirement Planning CPD workshops in February which I will try and attend. The IFP Conference at Celtic Manor and the Scottish Conference in Edinburgh, as well as Branch Meetings have been a massive help.
The IFP offices are now closed following the merger with the CISI. The combination of the two Institutes will provide additional strength and an even greater presence in the Financial Planning sector.
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