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S4E14 The Review SoA Dilemma
Manage episode 471245051 series 3591847
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It's an ethical dilemma all advisers have faced - should you charge ongoing clients for new SoAs?
And if you should, then how do you do it?
Or, if you think you shouldn't - why not?
This week's episode sees Jordan and Nathan explore this potentially thorny topic, but with the clear goal of unpacking why this is something that makes so many of us feel so uncomfortable.
Is it because, as Nathan puts it, the SoA 'is an us problem, it's not a client problem', so we're uncomfortable passing on that cost?
Is it because the inefficiencies built into our process makes it more expensive than we're willing to charge?
Is it because of ambiguity in our service agreements?
Or is it because there's a gap between the value we believe we're providing and the fee we need to charge?
All of this, plus some pointless digressions, tangents and ponderings - oh, with bonus RG175 readings too!
Nathan:
Jordan:
LinkedIn:
Challenge the Standard in Financial Advice (Podcast): Overview | LinkedIn
The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.
Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.
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