"Now is the time for the IFA."

The regulator is placing emphasis on the importance of the Independent channel in its RDR for many reasons, none less than the fact this channel is responsible for only 3% of the industry received complaints! Coupled with the government expecting consumers to take more responsibility for their financial futures, there is an on-going need and desire for independent professional face to face advice from IFAs particularly in relation to complex financial products.

The sole trading independent financial adviser (STIFA) faces the need to change, adapt and implement an efficient business model.

Research suggests that this will only be viable and economically possible with the use of complex Information Systems (IS).

Today the demands from clients, the regulator and the STIFA’s other business requirements mean they are often in small, mature, under-invested businesses which may no longer viable.

Paper-based or disconnected systems will not provide the essential robust minimal risk compliant processes.

What can STIFAs do?

For many STIFAs, the solution will be to join a collective such as 2plan where the advantages are:

·         Security, as their business is underwritten by the authorised and regulated body.

·         Financial as no need to meet capital adequacy requirements.

·         These two factors would ameliorate the fear of financial risk

Some STIFAs may opt for using a Technology Service Provider (TSP). My view is that this does not reduce risk, as the TSP will not be authorised and regulated, plus the responsibility for advice and capital still rests with the STIFA.

The future is bright!

We have a genuinely golden opportunity right now with the dawning of the RDR, to differentiate ourselves and look after consumer needs. The IFA who has trained for years, acquired the assurance of demanding qualifications and gained the respect of other professionals will enjoy the rewards and respect they deserve.

Who is 2plan for?

Our aim is to be one of the most highly regarded brands in the industry. That’s the reason we're looking to attract the best IFAs. People who have a track record in wealth management and have developed or wish to develop a sustainable business model.

Why should you consider joining 2plan?

As an established IFA with a strong client base, you will need to be convinced of the benefits of joining a collective new partner. To see what we offer for a simple retention. Please go to The Benefits page

What can 2Plan Offer?

2plan has a realistic long term strategy to create a sustainable business with a supportive management infrastructure - ensuring the continued success of the company and its members.

We designed our IS and proposition from scratch, after understanding what IFAs like you required. We believe our systems will add value to your business, helping you differentiate your advice proposition by building an effective and efficient service that your clients will value and for you a successful and sustainable businesses.

Call Ian Harrison 07771977704 to discuss the future of your business.

About 2plan

2plan Ltd is a national, independent, whole of market, firm of financial advisers (IFAs) and is authorised and regulated by the Financial Services Authority. 2plan provides structure and complete compliance and technology services to self-employed financial advisers across the UK, supported by one of the UK's largest insurance companies, Standard Life. The IFAs are equipped with the latest technology services available in order for them to provide enhanced services to their clients, build professional business relationships and ensure we always treat our customers fairly.