JustFA - More than a platform

How can you use digital advice technology to mitigate the much-discussed risk to advice firms from intergenerational wealth transfer?? A digital advice channel is perfect for engaging the digitally minded next generation of client ✅ A digital advice channel facilitates the exploring of earlier and greater lifetime gifting to be reinvested by the next gen – an even more important consideration post Autumn budget ✅ Younger digitally minded financial planners can be teamed with senior planners to service both generations simultaneously in a cohesive proposition – providing succession of relationships and succession of assets ✅ End-to-end digital advice technology ensures that the next gen receive full advice on their own individual needs, charged a fair rate of value to both the client and advising firm - profitability at an individual client level is important to comply with requirements of The Consumer Duty ✅ According to Vanguard | UK & Europe , an estimated £7Trillion of wealth will be transferred in the UK in the next 20+ years. Is your financial planning business prepared and future proofed? Get in touch with Debbie Dry, John Driscoll or Norman MacLeod to find out how technology from JustFA - More than a platform can transform your firm’s client proposition and protect against the risk from wealth transfer. Alexandra (Sasha) Ilinskaia, Kirill Ilinski Taras Rybak Wes Nixon FPFS FCII Linzi Walker DipFA  #digitaladvice #financialplanning #wealthmanagement #advicegap #wealthtransfer

If you are in the stages of succession planning or considering capitalising your financial planning business, why should you considering implementing a digital advice channel ?? Protect your business and so your future buyer/successor from the risk of wealth transfer loss - use technology to engage the next gen client ✅ Boost your profitability and so boost your capital value - greater planner productivity leads to greater profitability ✅ Increase your longevity of client revenue - younger and digitally engaged clients can offer more than twice the client life span of traditionally engaged clients ✅ Demonstrate comprehensive client segmentation and so greater compliance with the requirements of The Consumer Duty ✅ Get in touch with Debbie Dry, John Driscoll or Norman MacLeod to find out how technology from JustFA - More than a platform can transform your firm’s client proposition and capital value. Alexandra (Sasha) Ilinskaia, Kirill Ilinski Taras Rybak Wes Nixon FPFS FCII Linzi Walker DipFA #digitaladvice #financialplanning #wealthmanagement #advicegap #consumerduty

What are the immediate benefits implementing a digital advice channel for financial planning firms??? Greater financial planner productivity ✔ Increased firm profitability ✔ The ability to deliver a digital service and engage with digitally minded clients✔ Greater engagement with the next generation of clients – helping to protect your firm against loss from wealth transfer ✔ Increased firm capital values ✔ Greater compliance with Consumer Duty obligations – delivering the right product & service to the right segments of clients at the right fee level ✔ Get in touch Debbie Dry, John Driscoll Norman MacLeod to find out how technology from JustFA - More than a platform can transform your firm’s client proposition. Alexandra (Sasha) Ilinskaia, Kirill Ilinski Taras Rybak Wes Nixon FPFS FCII Linzi Walker DipFA #digitaladvice #financialplanning #wealthmanagement #advicegap #consumerduty

What is Digital Advice and what does it mean for financial planning firms??? We at JustFA - More than a platform are talking to more and more advice and financial planning firms looking to implement a digital advice channel to service the right segment of clients to boost adviser productivity and firm profitability. It appears that there are still myths regarding what digital advice is and what it offers a firm and its clients. A digital advice channel utilises an end-to-end online advice solution , with the perfect blend of automated processes with human and personalised advice. End-to-end means fully integrated and automated processes, from the point of initial client engagement right through to the point of execution of advice and custody of assets, all wrapped up in a single solution. Get in touch Debbie Dry, John Driscoll or Norman MacLeod to find out how this technology can transform your firm’s client proposition. Alexandra (Sasha) Ilinskaia, Kirill Ilinski Taras Rybak Wes Nixon FPFS FCII #digitaladvice #financialplanning #wealthmanagement #advicegap #consumerduty

Client Profitability... This is an insightful article by Wes Nixon at Citywire that every advice firm principal should read. From our experience, advice firms often underestimate the cost of delivering a robust and compliant ongoing financial planning service. Some hour-based cost modelling we have seen underestimates the time required and then assumes 100% productivity of the staff involved in the delivery chain when this is far from reflecting reality. Profitability on an individual client basis is critical to meet a firm’s #ConsumerDuty requirements. To find out how you can profitably service more clients whilst delivering the same client outcome using end-to-end advice technology. Contact Debbie Dry, John Driscoll or Norman MacLeod to find out more about JustFA - More than a platform Alexandra (Sasha) Ilinskaia, Kirill Ilinski, Taras Rybak #financialplanning #wealthmanagement #advicegap #digitaladvice Melo Link to the article in the comments.

So the FCA are now reviewing the reviews. As part of its work around The Consumer Duty, the FCA are now asking certain firms to confirm what has actually been covered in annual reviews, on a client by client basis. Key aspects include: 'Financial Situation', 'Capacity for Loss', 'Attitude to Risk, 'Financial Goals & Objectives', 'Assessment of Suitability' and 'Confirmation of Suitability'.  Thankfully, JustFA - More than a platform’s highly efficient and automated solution already factors all of these into our end to end advice process, keeping the firms that we work with safe and delivering a robust financial planning service to their clients. If you are interested in learning how a digital advice channel for digitally minded clients can complement your financial planning business, contact Debbie Dry, John Driscoll or Norman MacLeod to find out more .  #digitaladvice  #wealthmanagement  #advicegap #financialplanning  Wes Nixon FPFS FCII

Our conversations with financial planners are evolving ... From clients with smaller portfolios, we are now seeing a big spike from firms that say "the clients who are non profitable for me, are actually the clients that got me started X years ago - I do not want to move them on, I want to continue to look after them" We are helping more and more businesses move some of their exiting clients on to their own co-branded digital proposition. Here's why: ➡ Maintains the relationship in a profitable way ➡ Allows you to still focus on your business ➡ Retains the wealth and referrals from these clients ➡ Automates the review process, which delivers operational efficiencies If you own, or manage a financial planning business and this is your conundrum - you are not alone 🙂 You can keep everyone, including you, happy 😁. Get in touch to chat through how we can help you with this challenge. Msg John Driscoll Debbie Dry Norman MacLeod #ifa #financialplanning #lookaftereveryone #financialadvice

Insightful article ⬇ Alongside increasing profitability, digital advice brings automated reviews, automated suitability and greater efficiencies throughout the planning process. This is not a competition with face to face advice, digital advice is terrific complement to any business. 😊 Contact Debbie Dry, Norman MacLeod or John Driscoll to understand how you can add this proposition to your business. #ifa #paraplanners

JustFA - More than a platform and New Leaf Distribution Partner to Bridge the Advice Gap 🚀 We're thrilled to announce our new partnership with New Leaf Distribution! We launched it yesterday by holding a conference for New Leaf advisers, which was an absolute success! Together, we're empowering New Leaf's network of over 200 advisers with a cutting-edge, end-to-end digital platform designed to cater to clients who prefer to be serviced online, accumulators and next-generation clients. By combining our expertise, we're providing advisers with the tools they need to deliver high-quality financial advice that meets the evolving needs of today's digitally-minded clients. 🌐💼 Stay tuned for more updates on this exciting journey! #JustFA #NewLeafDistribution #FinancialAdvisers #DigitalAdvice #Innovation #WealthManagement #AdviceGap #InvestmentPlatform Daniel H. Sam Wallis John Driscoll Debbie Dry James Mitchell Taras Rybak Linzi Walker DipFA Norman MacLeod Kirill Ilinski Alexandra (Sasha) Ilinskaia