David Ingram: Professional connections' new frontier

Era of silo-based services is over

clock • 3 min read

David Ingram highlights a new draft code of conduct from the solicitors' regulator - expected to come into force next year - which contains important provisions governing the referral of clients for financial advice

The most common way in which financial advisers and solicitors work together is through some form of referral arrangement. Very few of these arrangements take the form of a formal agreement because any agreement would be between firms rather than individual practitioners and would therefore require the involvement of other members of the firm - and the reality is that most law firms operate as groups of individuals rather than integrated businesses. Consequently, due diligence in the selection of financial adviser referees is pretty limited and not undertaken centrally by the practice...

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

M&A outlook: FCA's consolidation review beginning to 'play out in real time'

M&A outlook: FCA's consolidation review beginning to 'play out in real time'

‘2025 has really been the year the FCA stepped up’

Isabel Baxter
clock 05 January 2026 • 5 min read
Debt nation: Why financial education must become a national priority

Debt nation: Why financial education must become a national priority

Financial literacy isn't a 'nice-to-have' - it's a national resilience strategy

Viktor Prokopenya
clock 05 January 2026 • 3 min read
Andrew Goodwin: Financial advice in the age of bewilderment

Andrew Goodwin: Financial advice in the age of bewilderment

'The fallout from the Budget could mark a genuine sea change'

Andrew Goodwin
clock 05 January 2026 • 4 min read