Flying Colours Wealth Management has officially launched a new advice model to the independent financial adviser (IFA) sector.
Guy Myles, CEO of Flying Colours Wealth, says: “We strongly believe the range of investment management services available to the average investor is not good enough and that the technology and systems offered to financial advisers leave them less productive than they should be. Successful robo-investment remains decades away. It is important for financial advice to be uncomplicated and available to all, which is why I founded Flying Colours Wealth Management. We are the fastest growing IFA Network in the UK and expect to build up to a national coverage of 500 independent advisers by 2022.”
Included in the Flying Colours Wealth marketing plan for the next year is the repositioning of financial advice in the minds of investors from an expense to an investment. Through a campaign which will follow the launch, Flying Colours Wealth aims to change the public’s perception of advice and promote the knowledge that clients can make more money by seeking and taking expert advice.
The conference also introduced the concept of a productivity gap, identified by Flying Colours Wealth, between what advisers annual revenue is today and what it could be. By supporting their advisors through providing technology and additional tools, the model aims to create efficiencies for the benefit of both their advisors and clients. Flying Colours Wealth’s goal is to increase the average revenue per adviser by 300 per cent from industry averages.
