Investments  

What skills do advisers need to manage the great wealth transfer?

  • Explain how financial advice has evolved
  • Identify the specific set of skills needed to advice on wealth transfers
  • Identify the types of training that exist to help advisers
CPD
Approx.30min
Navigating the great wealth transfer
What skills do IFAs need to advise on intergenerational wealth?
Enter
keywords

The process of transferring wealth is an emotional and complex one.

Clients want to transfer part of their wealth earlier to help the next generation instead of inheriting on death but they also need to keep an eye on their future.

They want to remain in control of wealth to help them in the event that they need to pay for long-term care needs.

With the global shift online, the move to virtual meetings presents its own challenges particularly when multiple people are present.

In this report we examine the skills advisers need when helping clients manage how they transfer wealth. It is worth and indicative 30 minutes' CPD.

CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. According to Dominic James Murray what is a key skill that is needed when advising on intergenerational wealth transfers?

  2. From the following what is NOT on one of the skills mentioned by John Porteus which he says is required when advising on intergenerational wealth transfer?

  3. As a result of meetings being carried out virtually what sort of skill do advisers need to hone?

  4. True or false, Dominic Murray says, as financial advice has evolved there has been an increased emphasis from clients to move away from the old-fashioned “gentlemen club” of conducting business and instead to a faster paced more immersive relationship where the client is much more involved and aware of the process as opposed to keeping them on the sidelines more?

  5. True or false, there is still some confusion around some of the financial jargon used in relation to this?

  6. What is a future risk to the financial advice industry when it comes to maintaining a high standard of soft skills?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Explain how financial advice has evolved
  • Identify the specific set of skills needed to advice on wealth transfers
  • Identify the types of training that exist to help advisers

I completed this CPD in

To bank your CPD please complete the form below.

Were the stated learning objectives met?

Why weren't they met?

What did you learn from undertaking this CPD exercise?

Why did you undertake this piece of learning?

Any comments about this article or FTAdviser's CPD in general?

Banked!

Congratulations, you have successfully completed and banked this piece of CPD

Already Banked!

You have already banked for this article.

To bank your CPD you must or

Register

One or more questions have been incorrectly answered,
 please review your answers and try again.

Please complete all the above text fields to bank your CPD.

More Pensions CPDSee my completed CPDSee all CPD