How much additional income can TAPS generate for IFAs and Brokers?

There is immense job satisfaction in protecting an individual's or familyʼs wealth across generations, especially when the vast majority of people in the UK do not have a Will and many existing Wills are either out-of-date or incorrectly drafted.

Also, for the Mortgage Broker, it is likely that almost all life insurance policies held by clients will not be written in trust, which can result in unnecessary inheritance taxation. Some clients may have no additional life assurance in place at all.

The Asset Protection Strategy offers Mortgage Brokers and IFAs opportunities to increase income with additional services for existing clients.

Typically, brokers who currently offer asset protection advice to their clients enjoy average case earnings of around £2000. This may comprise £800 payable within 14 days for wills and trust services plus £1,200 protection premium commission, payable at around £50 per month.

There are no formal qualifications required, as wills and trusts are not regulated by the FSA, but brokers are not required to write the wills or trusts, themselves - a third party legal provider with full personal indemnity cover has responsibility for will and trust creation.

With The Asset Protection Strategy (TAPS), the training package fee of £395+vat covers a pre-training study programme and a one-day workshop. Brokers commit to a client case fee of £25 per client and a monthly subscription of £50 towards technical support, access to report writing software, marketing and sales information and a customisable micro-site, ready for launch. Find out more at The Asset Protection Strategy.