PFS Conference: Seven ways to increase your profits

Laura Miller
clock

Founder and director of Wills & Trusts Independent Financial Planning David Batchelor reveals seven essential shifts in thinking to massively improve IFAs' profits.

  Pardigm Shift 1: Your are a business person, NOT a financial adviser Too many advisers think of themselves just as a financial adviser.  You are not. You are a businessman and should only be doing things which increase the profits of your business. Paradigm Shift 2: Profit is good and fair We can make very good incomes. But this is fair. We take huge risks. The regulators can come along at any time and put us out of business by changing the rules. So it is right we charge to take on this risk. We provide a very important service to thousands of people who are very happy with h...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

AJ Bell platform assets hit £90bn AUA as 'advisers value efficiency'

AJ Bell platform assets hit £90bn AUA as 'advisers value efficiency'

Customer growth and inflows drive platform performance in first half, despite increased investment costs

Sahar Nazir
clock 23 May 2025 • 2 min read
Professional Adviser TV: FOS inaction and claims culture 'draining' advice industry

Professional Adviser TV: FOS inaction and claims culture 'draining' advice industry

Rosemount CEO Ahmed Bawa speaks on PA TV’s Advice Lens about his open letter to Treasury

Professional Adviser
clock 23 May 2025 • 4 min read
Ann-Marie Atkins: Advisers must be 'more collaborative' for better client outcomes

Ann-Marie Atkins: Advisers must be 'more collaborative' for better client outcomes

‘That is the challenge for advisers now’

Sahar Nazir
clock 23 May 2025 • 2 min read