Many professional firms are considering entering into formal arrangements with Independent Financial Advisers in order to address the financial planning needs of their clients.

This is being driven by a number of factors including:

• Desire to ensure that the firms' clients are properly advised
• Legal requirement in some areas of client work to seek professional financial advice, for example in connection with Trustee Act 2000 or pensions and divorce situations
• Implications of the Legal Services Act 2007

However, firms need to be careful in several ways –

• Is the firm clear about what it is permitted to do and what is not allowed under the various regulations?
• Are the third party advisers competent and authorised to advise the client?
• Is the referral arrangement compliant with Financial Services Authority, Professional Body and Data Protection Act rules?

To find out how Mint Wealth Management can assist your firm to address all of these issues and more please click on the link to download a copy of our pdf brochure.