What moves to Equity & General
Four functions move to Equity & General on the day you join. Your clients keep the same adviser and the same firm name.
Four functions move to Equity & General on the day you join. Your clients keep the same adviser and the same firm name.
File reviews, Consumer Duty evidence, PROD, the governance calendar, the FCA correspondence and the returns.
Research, suitability reports, cash-flow work and annual review packs, written by people who do nothing else.
New business, transfers, provider chasing, valuations and the day-to-day work behind every client file.
Back-office and platform technology, cyber security and professional indemnity, and the bills that come with all three.
| Running it yourself | On Securo | |
|---|---|---|
| Annual review pack | You build it, between appointments | Paraplanning builds it, and you read it and add your judgement |
| A file review | Sampled by you, or by a consultant paid by the day | Part of Equity & General’s own compliance cycle |
| Consumer Duty evidence | Your own records and your own reading of the rules | A firm-wide framework you plug into |
| Professional indemnity | Your renewal, your claims history and your premium | Covered under Equity & General’s arrangements |
| Paraplanning capacity | Recruiting and keeping your own paraplanner | Equity & General’s paraplanners, already in post |
| A client last reviewed in 2019 | On your list until you find the time | A trainee adviser gets in touch and books a review |
| The FCA’s next thematic review | Yours to read, interpret and implement | Interpreted once, centrally, and applied across the firm |
You own the business, you advise the clients and you decide the pace. On the day you step back, you are selling your own firm.
A long-standing practice has relationships that went quiet: the client who moved, the one whose adviser retired and passed them to you, the one you have been meaning to ring for years.
Clients with no recent review on file lower the price a buyer will pay, and their ongoing fees are hard to evidence under Consumer Duty.
Equity & General’s trainee advisers work through those relationships in order. They re-establish contact, update the file and hand each client back to you or your team for the advice. Each client gets the service they pay for, and the file is in better order when the firm is valued.
Steven Bates, Director of Advisory at Equity & General, takes the first call with every adviser. Ring him on 020 8396 0486 or send a short note about your firm.