Debates & More Client Conversations

Like most other people, my work varies greatly from week to week. This week involved less in-person networking and mainly remote meetings and sorting administration for cases I’m working on. Regulated work is very paperwork-intensive.

We are in difficult times. I keep reading posts about redundancy on LinkedIn, my heart sinks for the individual. Work is an important part of our lives, and for many who are passionate about what they do it forms part of their identity. Unfortunately, aside from thinking who in my network could help, most often the best contribution we can make is write "commenting for my network". Many times I've seen LinkedIn as a platform and community work its magic for a positive outcome.

On the flip side, I've also been speaking with firms which are hiring which is exciting but hiring involves complying with certain laws and obligations.

Whilst expanding a business is an exciting time, it’s important for business owners to fully understand their obligations, as well as for employees to understand their rights should redundancy occur.

• Roy Magara, Magara Law

As the host of Business Buzz Oxford, Roy Magara, and his business, Magara Law – Employment Solicitor, I felt it was fitting to include his latest article in my newsletter:

What Are My Redundancy Rights? - Magara Law

https://www.dhirubhai.net/pulse/what-my-redundancy-rights-magara-law-lsoff/?trackingId=g42%2FYn3rHlB03ot8q7wf1w%3D%3D

Whether you’re a sole trader or a business looking to grow, make sure you have the correct HR support in place or speak with employment solicitors such as Roy Magara to ensure you are compliant. This will reduce the stress of growth “pain”.

With my experience within financial services and being fully aware of business cycles in different sectors, the one thing businesses and markets don’t like is uncertainty. As such, with the impending Autumn budget, I’m receiving urgent enquiries from anxious individuals. One wanted to access their pension; they didn’t need the funds but just wanted to access it in case there were changes on the horizon. As financial advisers, we can only act according to current legislation, and though I can offer a meeting, I strongly suggest avoiding acting based on rumours.

Networking is rarely wasted. Recently, I had an enquiry which I was unable to deal with as it was more related to legal advice as opposed to financial advice. Luckily, I had someone in my network I could lean on and in turn make an introduction to, so this week my thanks go to Rachel Gillibrand a Private Client Solicitor at RWK Goodman . Very rarely do I want to just say to someone, “just google it.” I tend to always have someone in my network that can help.

I’ve made progress on Peter Rosengard’s book. I had no idea he brought the concept of the “Comedy Club” to the London scene, at least according to his book. It’s been a while since a book captivated me like his has done.

Over to two stories which were hotly debated on LinkedIn. First up is Ruby Hinchliffe Money Reporter The Telegraph , who posted the following story:

The post was hotly debated. Unfortunately, it's difficult to pass comments as I don't know the background of this person. It's a small snapshot in time, during a difficult market. As the client is paying for ongoing advice, I hope he reached out to his financial adviser.

Next up, Chris Ball CEO of Hoxton Wealth caused quite a stir when he posted the following:

Since the MOE coaching qualification, I’ve felt like I could do with a refresher. A fellow delegate on the programme, Mobashar R. . It was great to catch up with him, since the course he's set up a limited company and is due to start promoting his services of coaching within the medical field. We had a refresher session on Friday of coaching each other. It’s incredible how much can be achieved with 20 minutes of coaching. I’m starting to consider whether to offer coaching separate from my regulated role. What do you think?

I didn't make a vlog this week, however, as I'm a part of the The Verve Foundation Adviser Incubator group, I wanted to Vlog the progress and my experience of it for Hayley Rabbets . As such please see the vlog for week 1 to 3.

I had an excellent catch up with Ruth Downs BA (Hons) DipPFS from the incubator programme. It reminded me that not all financial advisers are aware of the various community groups out there. As such I have listed them below in the resources section.

Resources:

Ruby Hinchliffe post:

https://www.dhirubhai.net/posts/ruby-hinchliffe-66028714a_ive-paid-11000-in-fees-for-1600-pension-activity-7242200293839446016-JEGA?utm_source=share&utm_medium=member_desktop

Chris Ball post:

https://www.dhirubhai.net/posts/chrisballhx_i-would-never-consider-having-a-casual-dress-activity-7242089013287800834-LtQF?utm_source=share&utm_medium=member_desktop

Communities:

Nick Lincoln 's IFA Forum - https://tiny.cc/ifaforum

Rohan Sivajoti - https://www.nextgenplanners.co.uk/

Lee Robertson - https://octomembers.com/

Luiza Todd FPFS CFP - https://careerszone.bespoketrainingsolutions.com/

Philip Calvert - https://www.facebook.com/groups/AdviserLifeTalk