Gustavo_Fring
About
- Username
- Gustavo_Fring
- Joined
- Visits
- 1,775
- Last Active
- Roles
- Member
Comments
-
Thank you. I think I will train them to input in Adviser, and present using Go. Once you master the inputting in Adviser, the inputting in Go is quite intuitive. Thanks for your thoughts.
-
Great idea. I'll follow up by email
-
Hello, I would be happy to have a chat. I've been leading a team for a few years now. A bit like you, I had to learn on the job somewhat but sometimes that is the best way!
-
Great, thanks Ed.
-
Do Ateb or Genovo integrate with Xplan, so that client and plan information can be pulled from Xplan into letters?
-
Do you use cashflow? Most of the software available calculates this for you - I know Voyant does.
-
With regard to the guarantee, it sounds like the guaranteed bonus rate comes into play where the declared bonus is less than 4%. Also, check if this is gross or net of charges, as you may find the net guarantee is more like 2.5%-3%.. Otherwise, y…
-
I'm glad people are finding it useful. It was nearly an embarrassing situation where the client appeared to know more about the LTA testing minutiae than us - I think we've got away with it though!
-
We give them some technical questions, to assess basic understanding of key areas and also ask them to write about a specified topic to assess their ability to write coherently! That doesn't have to be financial planning related, however one topic I…
-
Hi, as a follow up, this is the summary, after some help from the superb Techlink. You have Individual Protection 2014 and an LTA of £1.5M. Standard Life • The fund value was £212,000 when £53,000 PCLS was taken at end of 2018. • This …
-
I think you may be correct. In our client's scenario, he has used 99.94% of his LTA. He has a small pension pot (£40Kish - all crystallised) in cash, which he is drawing down upon and depleting until it runs out. He also has a large SIPP, investe…
-
This is to do with the additional state pension i think... If it puts your mind at ease, i have seen figures higher than £12K in the past..
-
Hello, linked to this, are premiums for a pension term assurance contract included as using up a client's annual allowance? My hunch is yes but despite a comprehensive google, I can't find confirmation anywhere.
-
A review of a client's pension (or investments for that matter) typically follows running through a cashflow or financial plan, where areas for discussion can be identified from the conclusions. We use Voyant, which integrates with Xplan.
-
AJ Bell
-
Have you assessed the rate of return they require to meet their goals? i.e. is it less than 2%?
-
Hello, I've just been introduced to Microsoft Planner, which, although isn't aimed at financial services firms, at first glance looks intuitive. I will familiarise myself over the coming days but it might be worth a look.
-
Thank you for your replies, interesting stuff and lots of options to consider.
-
Hello, thanks for this. I don’t disagree with any of that, however we do have a segment of clients where they either don’t want, or don’t need a full financial planning service at the moment. I’m thinking children of existing clients, who might be s…
-
Thanks all. Went for a second hand (ex-demo) Humanscale Liberty for a bargain price. Instantly better than what I was using, although i'm not sure i'd pay the astronomical full price to be honest!
-
Thanks Chris, interesting reading. It is important that assumptions are backed by some evidence.
-
Thanks Richard. I think second hand is the way to go. I've been looking at 2ndhnd.com who have a good reputation and some good ergonomic chairs in good condition. Worth paying for a decent one or i'll be spending it on chiropractor fees instead!
-
Hi, can you ask internally if they can give you some exposure to the report writing side of things?
-
Thanks everyone. Some really useful ideas there, some of which I will use.
-
Thank you both. I like the case study idea, as a means of combining. I prefer the idea of having them write something whilst in the office. One thought I had was to ask them to write 250 words on what they think the role/importance of a Paraplann…
-
Thanks both. My suggestion would still include the overall charges the client will pay (including advice) as part of the ex-ante cost disclosure. However for the purpose of the comparison, I thought it would be more 'apples vs apples' if we accept t…
-
Thanks for this Caroline. I agree with pretty much all you have said. It is your final paragraph that is causing me a bit of anxiety, as although we can provide value in the majority of meetings, my expectation is there will be certain meetings wher…
-
The thinking is that it would free up the adviser's time if we are able to write meeting notes, analyse, assess next steps, make a start on suggesting recommendations. So this would be productive. I agree it would be counter productive for some c…
-
I'm in a similar position. I would like to make our letters more reader friendly, with more visuals etc. I don't have the skills to hit the ground running with it though. I remember @Caro saying that her (old?) firm, used to present their suitabilit…
-
Could you put a proposition to your existing employer as a Junior Paraplanner, to take some of the letter-writing burden away from the advisers? It would allow the advisers at your firm to concentrate more on networking, generating new clients and s…