A company aiming to bring asset protection to brokers and IFAs has launched today providing asset protection training and promising average case earnings of £2,000.
The Asset Protection Strategy is looking to build asset protection, the process of protecting an individual or family's wealth legally and from HM Revenue and Customs, into a major growth area in the financial services sector.
Currently, more than two thirds of people do not have a will, while a significant percentage of those that do will have an out-of-date or incorrectly drafted will.
The company says this is a huge market for brokers to tap into, particularly as many life insurance policies are not written into trust or clients don't have any life assurance in place at all.
Advisers wanting to get into this area of financial services have to first complete a remote study programme followed by a training workshop.
The training package costs £495 plus VAT.
Brokers do not write the wills or trusts themselves, and third party legal providers will be responsible in drawing up wills and setting up trusts.
Professional indemnity cover protects all advice given, and as wills and trusts are not regulated by the FSA, no formal qualifications are needed.
The management team at the firm include directors Daniel Bloomfield and Matthew Mitchell, and Jeff Smith, commercial director.
Bloomfield specialised in pensions and investments with Legal and General for 10 years before spending 10 years in investment and residential finance.
Mitchell also worked at Legal and General for 15 years and has experience working with commercial and private banks, while Smith's experience spans Legal and General, Charcol and Chase De Vere.
Daniel Bloomfield, director of The Asset Protection Strategy, says: "Adding an asset protection service to brokers' businesses instantly provides them with a new reason to talk to their existing clients and a way to start conversations with new clients.
"Crucially, the vast majority of clients will be in need of and therefore highly amenable to, these services."
London brokerage Coreco Group has already signed up with The Asset Protection Strategy.
Andrew Montlake, director of Coreco, says: "We felt that it was necessary to convert our proposition into a more holistic planning package rather than focus purely on mortgages - and asset protection, which we're finding our clients are very open to, is at the centre of this.
"Now we're helping them not just to buy properties but also to protect those properties along with all their other assets. It's a piece of the puzzle that was previously missing."
To see the original article, go to http://www.theassetprotectionstrategy.com/pr/100127MortgageStrategy.pdf
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So this is how things go when it comes to that kind of situation. This is the first time I know of this things. Really informative site. Thanks for posting this here.
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