Calling all Professionals

Our regular blog update takes a different turn this week as we talk about the professionals that we are able to work with and can help to deliver a first class service to their clients.

With the implementation of the retail distribution review in January 2013, Independent Financial Advisers will be required to demonstrate higher professional standards and also transparency around their fees and remuneration.

In order for an adviser to be able to use the term ‘Independent’ from 2013, IFAs have to meet the whole of market requirements. This will no doubt be helpful in developing and maintaining connections with other professionals such as solicitors and accountants.

Developing new connections with professionals is often difficult and in the case of solicitors this may partly be because they are waiting for the commencement of the Legal Services Act which comes into force later this year.

This cautious and at times, suspicious attitude to financial advisers will no doubt contribute towards the above challenge.

Loughtons has moved to a transparent fee based service which we believe will form the foundation for successful liaison with other professionals that appreciate the benefits of sound financial and life planning.

We’ve also gone further by developing a compelling client proposition that delivers added value for the lifetime of our clients. Our approach to formalizing our ongoing review service is seen as a positive step to establishing and maintaining client relationships and is fundamental in working with other professionals.

We acknowledge that we are not solicitors or accountants but we recognise that we have a vital role to play in advising the clients of these professionals. Indeed our philosophy is to cultivate long term relationships with our clients and we pride ourselves on our professional approach to meeting their needs. By working with fellow professionals, we believe this will enhance the service that all clients will receive.

We welcome contact from fellow professionals who are dedicated to providing a first class service to their clients.

To get in touch, please call 01626 833225.