IFA clients see costs shaved in legal services tie-up

Laura Miller
clock

An independent financial planning firm will offer its clients legal services as part of a joint venture with a law firm.

FiveWays Financial Planning will refer clients who need a lasting power of attorney (LPA) or a will to OmniaLegal, where they will benefit from a 10% discount on the services. "We chose OmniaLegal because they are extraordinarily efficient compared with most other law firms", said Steve Poland, a director of FiveWays. "They use technology to simplify the process and it is very user-friendly for the client." The LPA service is telephone-based and costs £250 plus VAT and a simple will is £125 plus VAT. "We know clients are often slow or reluctant to engage in making Wills or setti...

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

SENDA launches first accredited training courses for special needs planning

SENDA launches first accredited training courses for special needs planning

Full certification programme to follow

Sophia Panayi
clock 25 June 2026 • 3 min read
Are financial advisers overlooking a vital client segment?

Are financial advisers overlooking a vital client segment?

Advisers must actively engage women early in the advisory journey

Jenny Davidson
clock 25 June 2026 • 4 min read
Advisers remain optimistic despite uncertainty

Advisers remain optimistic despite uncertainty

Natixis Investment Managers’ 2026 Finance Adviser’s survey finds

Sophia Panayi
clock 24 June 2026 • 4 min read