IFP offers 'how to become fee-based' workshops

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The Institute of Financial Planning is launching a series of ongoing fee-based workshops later this year for intermediary firms who want to make the shift away from commission-based remuneration.

Starting in June, the workshops will be held one day a month for six months, for members and non-members of the IFP, to take businesses through the key stages and development of moving your practice towards fee-based remunerated advice. Between each session, firms will be given goals to reach within the practical day-to-day running of the business over the course of six months, such as how to review their client databases and make them profitable, as well as support on deciding the direction of future potential business and what the firm is capable of offering. Chief executive of the ...

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