Gustavo_Fring
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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…
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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…
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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…
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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…
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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…
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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…
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Do they have the earnings to justify a £500K contribution?
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Hi, Standard Life have always been good for me, historically. In fact, any provider with a decent online service should be able to provide a range of information on a consistent basis.
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Voyant is very comprehensive and should tick the boxes for you.
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I think you have to take each case on its merits. If she can demonstrate that she has sufficient experience of writing a range of technical reports and the quality of her work has been comparable to diploma qualified person, then your management mig…
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Hi Roxy, We develop our administrators, so they can write the less technical letters such as portfolio rebalances or ISA top up recommendations. The advantages of this are that it allows the Paraplanners to concentrate on the more technical work …
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@amarshall Are you using 'threads' as they are called in XPLAN...a series of tasks, I believe? At a previous firm, we used event lists on Adviser office which worked well. I think threads work on the same premise. @richallum Thanks for your…
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Thanks for these. Interesting Brett Davidson has come up twice… It is a bigger picture need, things like automating our rebalancing process, sense checking fee structures, segmentation of clients and charging appropriately for each segmented prop…
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These points may have already been discussed with him but i think it boils down to sticking to whatever plan has been put in place for him and ignore outside noise. He is effectively trying to time the market and there is no guarantee the markets wi…
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Great, thanks Richard. Food for thought....
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The problem you are going to have when writing a Suitability report is that your advice will be not to do take the PCLS for the reasons you state above and that it is bringing the money into his estate from an IHT friendly environment,. I think you …
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Thanks Richard, It sounds like you've got all bases covered! Do you prefer the Apple/Google offerings to Nuance? Do you find dictation is much of a timesaver vs typing? Thank you.
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Thanks Aron. Why don't you like it? Barriers for me are: * Habit - people reluctant to change from typing it out. * You can think as you are typing. I think you would lose that via dictation. * The initial experience is likely to be quite …
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He gave an excellent presentation at the Report Writing Powwow in Brick Lane around 18 months ago - highly recommended.
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Yes, the investment proposition would almost certainly be along those lines, which makes perfect sense for the likely level of assets. I'm considering a simplified factfinding process, but part of me gets nervous about doing that. I wouldn't want…
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Ah, yes thank you. This worked and I ended up paying a lump sum of £99K after 8 years. Hopefully we are in the right ball park!
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Hi, I've tried this approach and i'm getting a repayment term of 13 years on this. How did you get 8?
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Thanks, yes I will give that a try. I suppose the downside is that it won't accurately show the capital payment required at the end of the mortgage term but a compromise is going to have to made somewhere....
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Ah, ok. Thanks Ruth.
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I may have the wrong end of the stick but I think this is for ex-ante disclosure? Ruth, If I am picturing your spreadsheet correctly, you have a value, of say £100,000, growing at 5% a year for 10 years, with charges of 1.5% annually being deduct…
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Thank you...!
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Also, I'm pretty sure there were some RIY spreadsheets being shared around a while back, although I can't find the thread now....
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FE Analytics has one.
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@arongunningham said: Those imaginary clients always find themselves in complicated situations Thanks for the replies everyone.
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You'd need to cover off/check that there are no loss of interest penalties (in case the ISA is in a fixed term arrangement)