First client for Financial Adviser School student
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Rhys Jones said that, during the past year, he has passed RO1, RO5 and CF6, and is working on R03 and R02 as he pursues his ambition to be an IFA.
He said: “The study has been challenging and I have had to put in a lot of work, but the tools the school has made available are helpful.
“I read the CII book and use the learning management system, which we can use 24 hours a day, seven days a week, and it holds all of the study material.
“The Financial Adviser School has rewritten the material and presents it in bite size chunks, along with interactions for the more important or complex parts. I also use Competent Adviser through the LMS, which has lots of tests on each section.”
Mr Jones said that during a practical part of the course, he needed to work with a real-life client. He said: “One of my friends had recently had a son and wanted to discuss some life assurance with me. My trainer and supervisor, David Trowell came to my house to observe my initial meeting to complete the fact-find.
“As a result of this meeting, I identified the client was in need of life assurance, income protection and critical illness – so Mr Trowell and I worked together on exchange to find the most suitable products.
“I then arranged a second meeting with the client to do my presentation – once again being observed. The client was happy to proceed with the life assurance but not the income protection or the critical illness.”
After compiling a suitability letter before proceeding with the application form, his suitability was checked by SBG’s Business Monitoring Unit. After several attempts, it was given the green light so he could process the application form.
Mr Jones said: “I was really proud to be the first student in the school to have written some business and this step is further evidence to the exam passes already achieved that I am making progress towards my goal of being one of the next generation of financial advisers.”