parawhat
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It's difficult. Part of the problem I think is the more experienced paraplanners will probably already have done their research on you. They'll have a shortlist in their mind of the firms in their area that they'd only consider moving for. You've go…
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Remembered (Evernote to the rescue!): https://savingschampion.co.uk/
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Not come across Octopus cash before. I've looked into managed cash solutions a few times previously, but never got much further than high level research. There's a couple more providers doing similar one is https://www.depositsense.co.uk/ and ther…
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Defaqto if you want to really drill down into features. Adviser Asset for cost comparison. Selectapension for a combination of high level features and cost. Also, depends what you are doing research for. Is it annual CIP type research or for indivi…
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I'm with you on the note taking/collating! If you like Onenote and Google Keep you need to check out www.evernote.com - kind of a mashup of the two (assuming you've not already!). I've used it for years now and liken it to my 2nd 'electronic' brain…
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Hi. I use CashCalc. I do one 'like for like' cashflow where I model a transfer from DB to DC taking the same level of income/TFC as the scheme and based only on the CETV. I use agreed in-house low/med/high growth rates relevant to likely final portf…
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Good points Richard. I think you're probably right on the rebalancing point. That would kill it unless, like you say, you adopted a more static asset allocation approach. That approach might wipe out any tax savings though. I'll scratch it up as a…
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Thanks for the reply Richard. I suspect you're right about the potential for such a strategy to cause more problems than it saves. However, I've been tasked to investigate anyway! I'm not sure I follow your point about money moving in and out of w…
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Only thing I'd add is that if the adviser or client are not 100% convinced, it's much better to do nothing and defer the decision to transfer rather than try to convince yourself/the client that a transfer is the best option. By deferring, all optio…
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There's a CGT calculator here: http://www.cgtcalculator.com that takes into account all the share matching rules, taper, indexation etc. The UI is a little rough around the edges but the output seems to be ok and it's free.
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How did you get on with this case Rebecca? Did you end up speaking to Richard? I've got a similar case on the go involving sharing/splitting of multiple DC/DB pensions and not sure where to start?!
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Good idea Richard. Where's a good place on the outskirts of London to drive to and then get a tube from? Anyone travelling down from up t'North? I'm in Cheshire close to junction 18 & 19 of M6 so willing to consider possible car shares if it wo…
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I believe O&M aren't taking on any new clients either at the moment. Everyone's at capacity it seems!
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I can see thumbs on my post though...
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I can't see any thumbs on your post. Is it just me?! edit they've appeared on my post though!
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Hi Mike I'm a one man paraplanning business too. I understand the principle of wanting to have a locum arrangement in place, but how would it work in practice if either party had to actually use it? For instance, I couldn't see myself being able to…
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Not sure, but will ask the question. Thx
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Try these: https://www.lv.com/assets/life/pdfs/state-of-retirement-report-final-full.pdf https://www.royallondon.com/Documents/PDFs/Research%20and%20Consultation/cazalet-consulting-when-im-sixty-four.pdf There's another I read a couple of years a…
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Thanks guys. AJ Bell not a bad shout Jona so will do a bit more research on that one. I've never actually used Nucleus Jamie so don't know much about them and they're not on our (cough) 'panel'. Agree, if that's their only fee a bit simpler than Tr…
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Cheers chaps.
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Remind me, can Moneyscope model stochastic and/or sequence risk or is it purely deterministic?
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Cheers Nathan. That was my plan as it couldn't do any harm and I need to be thinking about diversifying my client . Please feel free to PM or drop me an email at jonny@para-flex.co.uk if anything comes up. The reality is I'd have to be pretty unluc…
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I'd second the whole deccumulation issue, SWRs, sequence of returns etc. I saw that Abraham over at Finalytiq has just launced a new tool along these lines - Timeline - looks interesting. http://www.timelineapp.co.uk/
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I haven't personally for a couple of years, but the firm I'm currently working for has a number of clients who use the above combination quite a bit for smaller value clients. Does what it says on the tin really.
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Thought it might be that. In terms of off the shelf solutions those are the only two I am aware of. Bit of a holy grail issue too I think because I've found there's always one too many compromises to be made e.g. having to rely on their risk profile…
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Hi Anna What exactly are you looking for the 'tool' to do? Is it the risk profiling aspect, fund research, portfolio construction or the full end to end process type process etc? Cheers Jonny
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Thanks Richard - had already tried that but failed to spot the next page button which brought up a load more relevant conversations. Doh! Found what I'm looking for now from a few posts by Ben Fabi.
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Hi No, sorry. Used these guys (Mark Thewlis & Steve Davis)before for AF1, AF4 & AF5 but their website seems to be down - hopefully just temporary! http://www.financialadviseracademy.org.uk/ Cheers
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I think it's relative. 0.75% adviser ongoing is v.expensive if the client is in a single multi-asset fund that is reviewed once a year over the phone. It seems more reasonable if the adviser is running a model portfolio on an advisory basis with bi…
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* Transact would be preference due to their service and ease of use (albeit dated looking UI) * I hear what Jamie is saying about Fidelity, but I still think they're a cost effective solution and they should at least be sticking around in the platfo…