Take a moment to stop spinning plates

By May 31, 2017 No Comments

IFAs in 2017 have a number of plates they need to keep spinning if they want to stay in business.  From keeping up with regulatory change to ensuring their business is profitable and compliant – for some, it is a never-ending tale of two steps forward, one step back.

Prestwood Group, providers of leading cash flow modelling software Truth® and an authoritative voice for professional lifestyle financial planning, in partnership with Model Office (MO) – an evolutionary, FinTech, RegTech platform – are joining forces to offer free events around the country for planners and owners who want to take their business to the next level.

Julie Lord, Prestwood Director said: “Especially for those working alone, it is hard to find support that doesn’t cost an exorbitant amount and actually delivers more than just ‘marketing-speak’.

“These events are designed to help planners increase profitability and introduce firms to a way of building a stronger proposition: one that is rigorous, always compliant, and for those thinking of exit – ways to reduce time and cost for due diligence processes.”

MO’s platform provides firms with a snapshot of current business performance across firms’ systems, client proposition, operations, etc., and produces a template to help firms implement a more streamlined, seamless, compliant, and profitable strategy.

Chris Davies, MD of Engage Insight, who spent 5 years developing MO commented: “Unlike the FCA, MO adopts a prescriptive approach to business development using gamification.  This means you can understand how well you are performing and what needs to be done to improve scores to ensure on-going compliance and competitive advantage”.