Forum Discussion
Advice Request Best Practice
What is seen as the best practice for advisors sending through a request for advice to be prepared to the paraplanning team? I can think of some ways using cases to have a task where the advisor comp...
Thanks for that. That's a great perspective, I would be curious if this results in an increase of rework on advice documents due to lack of documentation from the source of the advice? But as you say it is certainly time efficient from the adviser perspective and drives down some of that prep time. I think it is a good reminder that sometimes a short conversation can save everyone a lot of time when we get caught up in developing systems for efficiencies. It does certainly still need surrounding systems to be robust, especially with file noting and perhaps even providing an early executive summary from the paraplanner to the adviser for sign off prior to the full development of the advice, but I like this more, the more I think about it.
Tamara.Morey
Advisely Partner
Advisely PartnerYes - you're spot on. We'd recommend a strategy brief is always confirmed by the adviser before the plan is produced. And we find there is much LESS rework of advice docs. This is an outcome of the paraplanner being involved in the process earlier and therefore part of the strategy formulation as well as more conversation in the process than in a traditional model, so there's less need for interpretation.
Related Discussions
Recent Discussions
