Unsurprisingly it is financial advice firms that will have the most fundamental changes to make to their businesses. Key areas that will need to be considered are:
- moving from being distributors of products to retailers of professional services
- establishing new forms of pricing with the removal of the commission based structures
- achieving mandatory professional qualifications and considering skills based training to support individuals through role changes
- developing and executing standard operational processes in order to achieve a consistent and compliant service
- clear segmentation of clients to target services for maximum profitability
- assessing the profitability of solely delivering face to face advice and considering the options for other distribution channels as part of the proposition
Focus Solutions can assist financial advice firms with acquiring these capabilities through focus:360°, focus:progress and our professional and skills based training courses. Please select the relevant link below to find out more or contact us using our RDR contact form.
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focus:360° enables a consistent and compliant adviser process and supports client segmentation, a range of charging structures as well as providing d2c capabilities...read more
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focus:progress is a training & competence platform that provides industry standard test criteria and question banks up to diploma level as well as providing the ability to record, evidence and monitor ongoing CPD...read more
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professional training courses
qualifications training to support the CII’s, the IFS’ and the CISI’s syllabuses from Foundation up to Diploma Level...read more
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skills based training courses
a range of leadership, performance and exam support courses to enhance your employee’s professional development...read more
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