A service enabling "over-burdened" advisers to outsource specialist areas of advice but still retain up to half of the commission or fee has been launched by Need an Adviser.com
Advisers United allows advisers to refer and outsource the financial advice liability by handing over the research and report functions to its Chartered Financial Planners. Either they will present the advice to the client or the outsourcing adviser can.
Need an Adviser.com, launched by Ashley Clark and Joanne Roberts, says it will then share the commission or fee with the adviser, who effectively acts as an introducer.
"We are revolutionising financial advice," Clark says. "It is chartered advice for all. Advisers can continue to talk to clients but have the security of having technical advisers in the background doing the more complicated work."
Clark says there is a 'huge hole' in the market because not every adviser is qualified in each area.
Advisers using Advisers United can outsource advice on specialist areas including pension transfers, equity release and care fees.
"We are confident we can handle any enquiry an adviser refers to us," Clark adds.
Advisers United also offers compliance help, including face-to-face consultations with Joanne Roberts. For more, click here.
'Misleading, unclear, unfair' promotions
Will extend to wider models
1,414 in 2017/18
UK Multi Cap Income sees success
Guidance on dealing with misconduct