How can you benefit from using us?
IFAs come to us with problems that need to be solved, such as needing to write more business, implementing a new service proposition or servicing an increasing demand.
We base our solutions on asking difficult questions, and most importantly listening to the answers. After all, every firm is different and that is what makes our lives so interesting.
If you have read this far, chances are you feel that we can help you, so we have outlined the Seven Timebank Assets that help us shape the solutions we create, so take a moment to see how they apply to you.
Why would anybody choose to hire a Paraplanner, or worse still do the job themselves, when they can use The Timebank?
Ultimately, the cost of a Paraplanner in house is enormous, as you have to pay a good salary, cover pension contributions and NI, holidays, sick leave and time spent chatting round the water cooler but at the same time you are unable to quantify their productivity.
Working with The Timebank results in a defined cost for a defined return. As one of our clients said recently, ‘The more money I spend with you guys, the more money I make'!
Why should any one in your firm spend time doing things that do not benefit your business?
Your core competence may be your excellent technical ability, or it may be your incredible rapport with introducers. There again, you may have the best operational mind in the industry. But your business is not Paraplanning, so why spend time doing the jobs that we have spent the last 6 years perfecting? You do what you are good at, and let us do the things we are good at, and let us build your business with you.
Can you genuinely say you have the technology and management internally for Paraplanning?
We know better than most that running an IFA business means high maintenance technology and difficult management demands are always in existence. We have taken the time and expense to design and develop our own back office and client management system, so that our client always know what is happening on live cases and get a truly bespoke service.
We are often asked which systems to use for risk profiling, back office or cashflow management and there is no defined answer, other than we have built a wealth of experience with all industry IT systems, and they all have a purpose. We are willing to adapt to our clients needs and our scale also means that we can leverage licence fees for some leading software and research systems for your benefit.
Are you genuinely spending as much time on cases as you should, and if you are, is this impacting on the service you are giving to all your clients?
You are a financial planner and we are a Paraplanning business,simple as that. We know what we are good at and we stick to it. We are not IFAs doing a bit of Paraplanning on the side, or glorified administrators. We don’t dilute what we do by offering Paraplanning training or pretending to be industry speakers or evangelists for the Paraplanning cause, we are just really good, really efficient Paraplanners, so our systems, processes and protocols are all about Paraplanning and helping you to build your business the way you want it.
Why should firms outsource Paraplanning when they already have Paraplanners in house?
Well, the answer is the personal touch, and no one knows the individual abilities of your staff as well as you do. Some of your ‘Paraplanners’ may be chomping at the bit to become consultants, ready to help preach your mantra to clients. Some may not really be Paraplanners as we would class them, but just really good, highly experienced administrators who could be the best client managers for you if only they had the chance and the time to do so.
Why are you not generating twice your current income levels?
Your income is linked to satisfied clients receiving a consistent, proactive service. If you could deal with twice as many people in a week, your income should double.
By using The Timebank to undertake the work needed for new clients, to generate regular client reviews, to complete the due diligence on your preferred SIPP provider each month, to analyse your investment solutions or to do any tasks that you feel uncomfortable passing to anyone else in your team, or that you don’t have a team to turn to for that matter, you could easily double your income by providing a quality of service to clients that your competitors don’t.
Whilst you have survived the recent market difficulties, when the market starts returning will you be able to capitalise on the opportunities that will abound?
The reality for most firms is not, as they either do not have the resources or have trimmed so tightly as to not have the flexibility. By partnering with The Timebank, you have unlimited scalability without sacrificing any of the quality that you have worked so hard to preserve.
