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Bankhall joins forces to provide regulatory support

Bankhall has teamed up with the Phil Billingham Partnership to offer what it claimed was practical support for members that would help them to build profitable and sustainable businesess.

The business development programme will be rolled out to firms in phases throughout 2015, beginning with a series of events on the future of financial advice.

The initial sessions, which will be run across the UK, will focus on how business models are evolving in light of factors such as independent and restricted advice, corporate structures, increasing profitability and stability.

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The sessions will look at what lessons are being learnt from the transition to a post-RDR model, what business and client models are emerging that offer long-term value and reduced risks for firms and customers.

They will also look at what the FCA is likely to be focussed on in 2015, and why and what advisers can used the lessons from top firms – how is best practice starting to translate into profitability.

Stephen Gazard, managing director of SBG Managing Director, said: “The comprehensive support already rolled-out by Bankhall has helped firms to adapt their business models for the post-RDR world. However, it is clear from our conversations with advisers that the challenge of moving from transaction-based sales to a relationship model requires a considerable change in mind-set.

“The launch of our new programme builds on our popular business development workshops. We want to do more to meet growing demand from advisers in this area, which is why Bankhall is launching a series of new initiatives to help firms develop their business skills.