By: Wealth Professional | January 7, 2020
Read More, and see what Scott Plaskett says about a progressive solution to an antiquated industry here.
Canadians are losing interest in “free” financial plans. They have realized that these plans are poorly designed, incomplete and really just a tool to help their advisor sell them a product that they may or may not need. In increasing numbers, they are looking for other options.
When financial planning professionals take the time to provide solid advice that has real value to their clients, it’s a struggle to also manage their business. Compliance burdens take up significant amounts of time, and this affects their ability to have meaningful and complete conversations with clients. It also affects planners’ ability to earn what they’re worth.
There is a rapidly growing subset of the financial industry building their businesses using a financial planning syndicate. What began with individual financial planners and individual portfolio managers partnering up to deliver more complete financial planning services to their clients has expanded and evolved over the past few decades. Syndicates have become robust financial planning communities that provide foundational support for financial planners.
