Newsflash: It is legal for a financial planner not to be FCA registered!

I sometimes despair. This market has been conditioned, sometimes brainwashed, or should I say, well taught, over decades to think that financial planning has anything to do with FCA-regulated activities. It is a lie. This month I have heard it said from industry experts whose opinions I admire and respect that they believe financial planning … Continue reading Newsflash: It is legal for a financial planner not to be FCA registered!

How to offer financial planning to the mass market

Advisers are moving more upmarket. As the regulatory environment for financial advisers continues to evolve, the time and cost of serving clients compliantly have increased significantly. This shift has resulted in many financial advisers moving up the market and serving fewer but wealthier clients. The increased compliance requirements have led to higher costs for financial … Continue reading How to offer financial planning to the mass market

What’s the most cost-efficient way to get your financial planning – Planner or Adviser?

At my Town Hall on Friday, an IFA told us maybe you are better off getting your financial planning from a financial adviser and paying from your one per cent – because there's no VAT! Here is my question for today. What's the most cost-efficient way to pay for financial planning? From a financial planner … Continue reading What’s the most cost-efficient way to get your financial planning – Planner or Adviser?

Feracious Financial Planning

Feracious: Producing in abundance; fertile, fruitful. Etymology: [L. ferax, -acis, fr. ferre to bear.] The Game Plan The Game Plan is a feracious financial plan. Our Values: Integrity and Transparency. Built upon values rooted deeply with our founders. “The principal purpose of financial planning should be to make money for the client, not for the … Continue reading Feracious Financial Planning

What is the biggest asset in your financial plan?

There are two types of financial planners. The one you used to be and the one you could be. The one you used to be. International Standard ISO 22222:2005, Personal Financial Planning, is aimed at increasing client confidence by providing an internationally agreed benchmark for a high global standard of service. The standard defines six … Continue reading What is the biggest asset in your financial plan?

10 Time Makers: The additional services of an advice-only financial planner

There are two types of financial planning: Financial planning to sell an investment. Financial planning to solve a problem. The former is the more common one in the marketplace. The investment adviser is encouraged by bosses, and relationship managers of the investment companies where they hold agencies, to keep work to a minimum for commercial … Continue reading 10 Time Makers: The additional services of an advice-only financial planner

Top 3 reasons for not becoming an advice-only financial planner

Three objections to becoming an advice-only financial planner. 1. It's illegal. 2. I'll never make any money at it. 3. I'm not ready. It's Illegal The same principles apply to most, though not all, markets. Let me use markets that follow UK financial conduct regulation as an example.  It's not illegal! The UK FCA rulebook … Continue reading Top 3 reasons for not becoming an advice-only financial planner

The Game Plan: 10 value-adding services for advice-only financial planners.

We believe that removing regulated advice from financial planning is not a service people would value and pay for, as advisers have trained clients to believe what remains is free. We need to add value to the service. We do this with the Game Plan. Here are ten additional services offered by Academy members to … Continue reading The Game Plan: 10 value-adding services for advice-only financial planners.

Some clients should stop investing for 12 months to pay off their debts.

NOTE FROM TTF CANADA MEMBER KEN KIVENKO ABOUT FINANCIAL WELLBEING "This is a terrific and timely commentary by Carrick. Reading it will improve your financial well-being. You won't find too many regulators publishing such candid material for financial literacy month. OBSI and Investor Protection Clinics might consider it, though. #1 Some clients should stop investing … Continue reading Some clients should stop investing for 12 months to pay off their debts.