The Association of IFAs has announced a programme of seminars to help IFAs develop their fee-based business models.
The seminars have been organised in conjunction with business transition specialists, FP Advance, in response to requests from members.
It is hoped the seminars will help IFAs to develop existing fee charging structures, transfer to a fee-based model, find out more about operating wrap-based models.
Fears over the FSAs investigation into various aspects of IFA business have caused fears that commission structured could be banned and IFAs would need to adopt fee structured or go out of business.
The seminars will also seek to help IFAs to decide whether to keep their existing business model or move to one based on recurring income and ongoing advice.
Chris Cummings, director general of AIFI, says: “More and more IFAs wish to find out about how to move to a wrap based business model, develop a fee business and build embedded value in their firm. These seminars provide answers to those questions.”
The first seminars are due to take place later in 2007 with the first taking place in Exeter on 6 September. Those interested in attending should visit the AIFA website to sign up online.
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