WHERE AND HOW CAN I ADD VALUE?
The role of a co-planner can range from a basic service to a fully bespoke, technical service.
I am equipped to assist in the FNA process for new clients as well manage the task of reviewing portfolios for existing clients.
I carry out all types of report writing and research, specialising in technical and complex solutions.
In the heavily regulated environment that we work in, processes have to be regularly reviewed to ensure that you are meeting the requirements imposed on you. It can be frustrating for advisors when the goalposts are always being moved and can be very hard to keep up to date of these changes. I am committed to stay up to date with industry regulation changes and compliance requirements.
Just call to schedule a meeting and discuss your requirements. Simply select and tailor the services you require.
SERVICES:
TECHNICAL EXPERTISE
– Generate full estate plan / Financial Needs Analysis
– Assess risk needs based on your clients objectives
I can assist in creating an accurate and detailed financial illustration for each client. I enjoy the technical aspects of cases and welcome the opportunity. This service entails capturing all relevant client information as well as the plan details required to generate the plan on your FNA system.
It also consist of a revision process. Once the first draft is generated you can request any changes that are needed to be made before you generate your final plan and structure your advice accordingly.
– Comprehensive Analysis of Existing Arrangements
I undertake to do product research and analyse the client’s existing or even proposed portfolio. The report then consist of a breakdown on benefits and structural concerns on current products and/or your proposed product’s. This type of report can assist in revealing the strengths and drawbacks of each product. The product comparison is largely subjective and dependent on your client, their age, occupation and needs.
ANNUAL CLIENT REVIEW
– Current Portfolio Report
– Annual Review Letter
– Draft Annual Review Questions
I can easily help you prepare and meet your annual review obligations. Client reviews are a vital part of maintaining and growing your practice. You are likely to have many clients whom you do not have the time to see but they may require your assistance and regular contact and reviews is a requirement. This review process will allow you to make brief contact with all your clients and then you can assess whether you need an appointment could be income producing. The portfolio report with all statements is sent from you to your clients with a set of review questions. Based on the answers to these questions you can quickly determine if a meeting is necessary. This service does not look the same for every advisor but I will be able to design a process that suits you.
CHARGES COMPARISON
– Premium Projections
Determining whether your proposed or current cover will be sustainable.
– Section 14 Cost & Performance Analysis
Investigate the viability of doing a section 14 transfer. Transferring often attracts a penalty. This comparison looks at the impact of fees and penalties on an investment over time.
– Investment Cost Analysis
Using your portfolio or proposal template compare the cost of each fund and the portfolios based on the current vs proposed fees charged. This is usually a comparison done between platform fees, management fees, administration fees and performance fees.
CASH FLOW MODELLING
– Full Retirement Plan / Cash flow analysis (Pre & Post Retirement)
All modelling is clearly presented, using appropriate assumptions, and based on your client’s real circumstances. I take account of tax status and all relevant options to provide future income and capital needs. Taxation and legislation is constantly changing and we have to keep abreast of all of the changes
along with each client’s particular circumstances and objectives.
COMPLIANCE SUPPORT
My previous experience includes compliance document drafting. Preparing and maintaining compliant client files. I can take responsibility for preparing and maintaining detailed client records. The highest compliance and organisational standards are critical to a practice and being able to provide historical context to clients in relation to their advice journey is a pre-requisite.
TRAINING OF PARA-PLANNERS
This could be, for example, by helping to mentor and develop trainee para-planners, or perhaps by becoming a “product specialist” and concentrating on one technical area of expertise, for example Retirement Planning or Estate Planning or wherever the need arises. The training is aimed at providing the individual with all the client and soft skills that they will need to become a well-rounded para-planner.