I hope you're all doing well and continuing to shine your light on the world of financial planning. Today, I have something incredibly relevant to share with you.
Industry Update: The Rising Thresholds of Intermediating Financial Planners
We're seeing a significant shift in the industry. Many intermediating financial planners are raising their investable asset thresholds. Why? They're grappling with the challenges of demonstrating value-for-money under new Consumer Duty value assessments and facing increasing regulatory costs.
What Does This Mean for Us?
This shift is creating a diaspora of clients who find themselves "too small" for traditional IFAs. But here's the kicker: these clients still need comprehensive financial planning.
Our Approach at the Academy of Life Planning
We're stepping in to fill this gap. You offer financial planning for those who self-direct their portfolios, with options tailored to individual needs. Your services are designed to be transparent, affordable, and most importantly, valuable.
Check out this blog:
I'd love to hear your thoughts on this industry shift and how we, as non-intermediating financial planners, can best serve these clients. Let's use this as an opportunity to brainstorm and share insights.
Looking forward to your comments below!
Best regards, Steve