NextGen Planners has launched a virtual platform for small financial planning firms, providing them with a range of support to grow their business.
Advice Stack, which launched today (October 22), provides business owners with the resources, templates, discounts, and other support for scaling their businesses.
The service will be embedded into the NextGen Planners online community platform and private social network.
Rohan Sivajoti, director and head of Innovation at NextGen Planners, said: “We’re hugely excited to launch this service and it is something that we’ve been working on for a long time now.
“The aim of Advice Stack is to give business owners and their teams a place to go to get help with scaling their business.”
The platform will offer various resources including compliance, HR and supplementary templates, discounts on adviser technology and peer-to-peer support from other small financial planning business owners.
“We’ve combined some of the very best resources in the profession to provide a one-stop-shop for growing your financial planning business, which is something we didn’t have when we were building ours,” Sivajoti said.
“We have also partnered with a large number of admired companies in our profession to provide exclusive discounts for financial planning business owners, providing substantial savings on things they use every day”.
Sivajoti explained one exciting aspect of this product was its “business sprints”.
“These are based on the popular five-day challenges that our community take part in each month, but will be more focused on holding financial planning business owners accountable with tasks to complete each month to grow their businesses,” he said.
NextGen said it will be launching an additional version of this product later this year, which will look to solve the common technology issues that it hears about from its community..
Earlier this year, NextGen Planners joined forces with the Financial Adviser Mentorship group (FAM), which focuses on supporting students and second careerists looking to develop careers in financial planning.
sonia.rach@ft.com
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