In conversation with advisers: What outsourcing tools do you use?

clock • 1 min read

Partner Insight: Flora Maudsley-Barton, managing director of Parsonage Financial and Kerry Nelson, managing director of Nexus Financial met in London recently to discuss what tools are used for outsourcing.

In the second video of the series (see above), Flora Maudsley-Barton and Kerry Nelson talk to Julian Marr, Editor of Professional Adviser about what tools they use to outsource, from 'buying-in expert help' to looking for low-cost solutions for small savers and starters.

Flora Maudsley-Barton says: "What we do [at Parsonage Financial] is buy-in consultation, and then we make the decisions ourselves. We can choose funds that offer the simplest solution to start with, for some customers, like starter savers. Often it is a single-fund solution, but for more complex clients, we need a little more grafting of tax allowances, particularly if we have multiple tax wrappers to work with."

Nelson (Nexus Financial) has a different approach to outsourcing for her clients: "What we start with, is the basis for model portfolios for our clients and we look at how they translate initially."

When it comes to reviewing clients' portfolios, Nelson uses a chairman (who oversees an in-house investment committee): "We make the decisions based on reviews and committee meetings and we re-run the figures through proprietary systems. However, we do buy-in that extra help, [so the process] is not all on my shoulders. I like to think, we have the best of both worlds:  bringing in a renown outsourced individual, but at the same time working within the parameters of our business."

Please visit Adviser Points of View, a site created by Incisive Media (publisher of Professional Adviser) in partnership with Architas.

More on Investment

Watch Professional Adviser's Working Lunch on the Baillie Gifford Managed Fund- The benefits of diversification in an uncertain world

Catch up on the discussion

Professional Adviser
clock 30 June 2025 • 1 min read
Party politics: Why investors should celebrate AIM's 30th birthday, even if the government won't

Party politics: Why investors should celebrate AIM's 30th birthday, even if the government won't

AIM has helped 4,000 businesses raise £135bn since launch

Eustace Santa Barbara
clock 19 June 2025 • 4 min read
AIM at 30: Why advisers should take a fresh look at the UK's junior market

AIM at 30: Why advisers should take a fresh look at the UK's junior market

'We see AIM as a jewel in the crown with long-term appeal for the right clients'

Oliver Brown
clock 17 June 2025 • 4 min read

In-depth

Why Gen Z still trusts financial advisers in the age of finfluencers

Why Gen Z still trusts financial advisers in the age of finfluencers

A digital generation with a human touch

Sahar Nazir
clock 23 June 2025 • 4 min read
QROPS class actions: What next for frustrated UK expats?

QROPS class actions: What next for frustrated UK expats?

Calls for reform across the board as insurers fight back in IoM

Isabel Baxter
clock 29 May 2025 • 7 min read
AI on trial: FCA's Live Testing opens new path for advisers

AI on trial: FCA's Live Testing opens new path for advisers

Offering regulated firms a controlled space to trial advanced technologies

Sahar Nazir
clock 21 May 2025 • 7 min read