Dave Seager: Are you a safe pair of hands for solicitor referrals?

Firm's process of particular interest

clock • 6 min read

With new rules coming into play for solicitor firms, Dave Seager looks at how advice firms can best present themselves as a suitable option for client referrals

In my last article for Professional Adviser I referred to the regulatory changes for solicitors that came late in 2019 and considered the reputational risk of solicitor firms not having an established process for referral to third parties, including financial planning partners, when complimentary non legal advice is identified. I outlined that for the first time the new rules governing solicitor firms have introduced a firm code of conduct, alongside that for individual solicitors. Under the new dual code system, the Solicitors Regulation Authority is very clear that it expects the manag...

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

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read