Mark Loosmore: Beware 'garbage in, garbage out'

Suitability and segmentation

clock • 3 min read

Whether you want a charging model to help grow your business or a suitability framework to inform advice, writes Mark Loosmore, make sure you are putting the best data in to get the best out

Time is money - it is precious and perhaps our greatest resource. That is certainly the case for businesses whose products and services are an artful blend of time and skill. And, unless you know exactly what to charge, overvaluing or undervaluing your product is all too easy. A friend of mine recently found himself in exactly this position. He owns a small marketing agency and introduced a time-tracker to generate the data he needed to help inform hourly rates, timescales and resource planning. It should have been straightforward - everyone logs their time under their jobs, my friend...

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 Technology

Could a Linkedin AI platform be financial advisers' 'best kept secret'?

Could a Linkedin AI platform be financial advisers' 'best kept secret'?

Calm Authority built by financial planners for advisers

Sophia Panayi
clock 30 March 2026 • 3 min read
AI in financial advice starts with data that's fit for purpose

AI in financial advice starts with data that's fit for purpose

'The firms that benefit most from AI will be those that fix their foundations first'

Luke Miles
clock 26 March 2026 • 4 min read
Adventures in AI: Where next for AI in advice?

Adventures in AI: Where next for AI in advice?

Part three in the series...

Mike Morrow
clock 25 March 2026 • 4 min read