Falling into Advice
Question: Who has had a great experience in the last couple of years, that they would like to shar, bringing on a new adviser from another career, location, education back ground? Why? We are now talking to a diverse range of ‘future advisers’ from all types of backgrounds including the undergraduates university cohort Striver is known for. ‘Falling into Advice’ is part of the fabric of what has got the profession to where it is today.AMA: I'm Darren Smith and I've just implemented a business succession plan, Ask Me Anything!
Got a burning question? Join me here on Friday 21st June from 11am to 11:30am. Having recently sold my award-winning financial planning practice last year and now working as a business coach at Slipstream Group, I'm here to answer all your business transition questions. Start posting them below and Ask Me Anything! Update: This AMA has now ended but please continue to pop your questions in thediscussion forums and make sure you tag me at Darren.SmithPOLL: What will impact advice accessibility the most in the next decade? 🤔
It is commonly agreed that accessibility of advice is currently a problem and is only set to compound over the next decade. In your opinion which of the following will have the most profound impact on advice accessibility over that period? Data - efficiently in who needs advice and when People - professionals and support Software - efficiency in advice delivery Comment [1], [2] or [3] below 👇👇Succession Plan - Be honest ! How prepared are you?
This is something that is so close to my heart at the moment as I am in the home stretch of realising the dream that I mapped out 8 years ago! A real mixture of emotions and this has been 8 years in the making to get to that realisation. With a number of advisers still looking to transition out of the industry over the next 3 years I am very interested to understand and get comments on how prepared they are, is it documented in an actionable plan and what areas are they focused on to maximise their attractiveness and value. Also, how are they protecting their clients that they have nutured over many years to minimise the impact on them as this will ultimately have an reputational impact on the whole industry and the success of that transition.PY – How do we build and where do we find?
I’m proud to say we started the professional year journey about 6 months ago and feel we’re on the right path and happy we took the leap! However, I feel I got lucky finding the right person for our business and with a relatively limited pool of people going through this process (albeit growing slowly), how do we promote this to attract the next generation of advisers? Also, for anyone that's decided to make the plunge, where would you suggest being a good place to start finding the right candidate?
