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Guide to running your business

  • Explain the advantages of a good back office system
  • Describe some of the challenges with witching platforms
  • Identify some misconceptions about finding talent
CPD
Approx.60min
Guide to running your business

Introduction

Running one's business comes with challenges in many practical ways - how to make sure you have the right technological tools to manage one's own affairs as well as one's clients.

Some of these issues are particular to financial advisers: how should they manage their platform account? What happens if they are unhappy with their platform?

Many platforms have been upgrading, affecting service and prompting many adviser to wonder if they should move to another provider.

But there are also other aspects to consider: what back office system should they use, and what are the key points to look for?

And in the current climate what tools are available to keep one's cashflow running?

All these questions are perhaps even more relevant right now while we are in the middle of a pandemic, which is putting enormous pressure on advisers and clients alike.

Hopefully this guide will go some way to addressing some of these issues.

It is worth an indicative 60 minutes CPD.

In this guide

CPD
Approx.60min

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. What can a slick fact-finding process NOT do, according to Conor Murphy at Smartr365 in the first feature??

  2. According to the second feature, bank accounts can be linked to one's accounting system, true or false?

  3. What is the most important aspect to remember about taking out personal guarantee insurance?

  4. According to the third feature, which of the following is NOT an FCA requirement regarding platforms in upcoming rules?

  5. Why do you sometimes end up with different share classes of the same fund on different platforms?

  6. According to the fourth feature, no adviser firm will take a CV on spec, no matter how much research has been done by the applicant, true or false?

Nearly There…

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

You should now know…

  • Explain the advantages of a good back office system
  • Describe some of the challenges with witching platforms
  • Identify some misconceptions about finding talent

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