in-a-minute aims to provide intermediaries with the tools needed to set up their own websites
Intermediaries are to be offered free websites and a bolt-on internet service providing instant online business start-up functions for their clients.
The SCF Group, which specialises in international tax planning and company registration, is to launch the initiative, In-A-Minute Financial Services, on November 15.
In-A-Minute will provide intermediaries with a free fully customisable website that should not only enable them to develop an internet presence but also allow them to offer a business consultancy through the company start-up service.
Barry Spencer-Higgens, co-founder of the SCF Group, said intermediaries do not need any training to offer the business start-up package and will be able to pick and mix which of the options available they wish to offer.
Intermediaries can register new companies and domain names online as well as offering websites and a whole host of services to clients ranging from telecommunication needs to office furniture and brochureware.
He said: 'We have drafted all of the legal documents needed to form a company and all intermediaries need to do is follow the prompts and enter the details.' Intermediaries can choose whether to offer new businesses the free In-A-Minute template or design a website for their clients themselves.
SCF Group provides the internet hosting service that powers the sites and will pay intermediaries 20% of the annual hosting fee it receives from any new business generated by the intermediary.
This equates to £57 per annum for every new business registered by the intermediary.
Alternatively, intermediaries can charge their clients for designing a website for them using the In-A-Minute package and receive the slice of the hosting fees on top.
Spencer-Higgins said many intermediaries are missing out on a lot of potential business due to hesitancy over the take up of new technologies.
He added: 'Some 73% of intermediaries are not using new technology, compared to 55% of all start ups that are, so intermediaries are way behind in the take up of these new opportunities.'
He said the group is looking to target the intermediary market ahead of the pending N2, the date, 1 December 2001, on which the FSA takes on its full powers.
The changes to the Financial Service and Markets Act will preclude lawyers and accountants from offering their clients financial advice unless it is carried out in partnership with an intermediary. Spencer-Higgins added that the In-A-Minute website can be used as a platform for such joint propositions, providing a single access point for clients.
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