Adviser Academy Insight Event
Ascot Lloyd’s Adviser Academy training programme is designed to equip you with advice skills, regulatory knowledge, and commercial understanding that are the foundations for a rewarding career as an Independent Financial Adviser at Ascot Lloyd. Individuals will complete the CII level 4 Diploma in Financial Planning, becoming a fully qualified and regulated IFA.
Ascot Lloyd will also support you with developing new client relationships and at the appropriate time the opportunity to service a portfolio of existing clients.
To hear more about this exciting opportunity, please join us at our online insight event taking place via Zoom on 20th September 2023 6-7:30pm. You can register with this link: Webinar Registration – Zoom
Alternatively, RSVP to adviseracademy@ascotlloyd.co.uk.
Background on the role
- On joining Ascot Lloyd, the Associate IFA will follow a structured and comprehensive 12-month training programme, to equip them with the knowledge, skills and commercial acumen required to become a competent and proficient IFA.
- The programme is split into 3 core parts with Part 1 focusing on qualifications, Part 2 on the advice process and proposition and part 3 on the practical application of the skills and knowledge learned during parts 1 and 2.
- During Part 1 of the programme the Associate IFA will be enrolled onto a fully funded learning pathway to successfully attain the CII Diploma in Regulated Financial Services (R01-R06). This will involve a mixture of online digital learning and support from the technical specialists.
- During Part 2 the Associate will be trained in all aspects of the Advice process, via a combination of group workshops, digital boxsets, and use of role play scenarios.
- Part 2 will also focus on the commercial skills needed for the role including how to form strategic alliances with professional connections and how to nurture and develop new client relationships.
- The successful applicants will learn how to organically grow existing client relationships whilst always ensuring the client’s needs are met.
- The programme will give the Associates a thorough understanding of revenue targets and how to contribute to the growth of Ascot Lloyd through client retention and new business growth, whilst ensuring the needs of the client are being considered and achieved.
- The Associate IFA’s will be ambassadors for the Ascot Lloyd brand through active promotion of our propositions, values, and code of conduct.
- On successful completion of Parts 1 and 2 of the Academy programmes, the Associates will be able to deliver holistic financial advice to Ascot Lloyd clients and prospects. The Academy will continue to support the Associates by providing Advanced skills workshops for the remainder of the 12-month programme.
- There are two Associate IFA routes available within Ascot Lloyd; one is a field-based opportunity, where Associates will develop into a face-to-face Adviser role, alternatively there is the option of an office-based role focussing on delivering client advice remotely, either by phone or virtually.
- This role is fully employed from day 1 of joining, with a generous rewards package.
Salary
Starting salary will be £30,000, with your studies and training being fully funded by the Ascot Lloyd programme. On successful completion of the programme, your salary will rise to £35,000 and upon achieving Competent Adviser Status (CAS) your salary will be increased again to £40,000.
As a guide, we anticipate that you should be-able to achieve CAS within 18 months of joining the Academy Development programme.
Key Responsibilities
Through extensive training, development and mentoring by our Head of Adviser Academy, Learning & Development Consultants, T&C Team, Adviser Relationship Managers, and other Advisers in AL, you will learn to: –
- Develop effective relationships with clients and professional connections as one of the principal sources of new clients and maximising brand awareness.
- Develop a sustainable business model for the provision of advice to clients.
- Develop holistic client relationships in line with our client service proposition.
- Actively seek and identify new business opportunities both internally and externally to support the growth of the business.
- Provide financial advice to clients on a range of whole of market financial planning solutions.
- Provide clients with an exceptional service, ensuring that all reviews are undertaken regularly and in accordance with their agreed service propositions to maintain and grow our recurring revenue stream.
- Operate in accordance with Ascot Lloyd policies and procedures including Compliance, Operational and Training & Development (T&D) as issued by the business.
- Act in accordance with the Financial Conduct Authority’s (FCA) Statement of Principle and Code of Conduct for Approved Persons and all other regulatory bodies, including the Fit and Proper principles.
- Regularly review personal development and performance with the Head of Adviser Academy in line with Ascot Lloyd’s defined T&C scheme.
- Achieve organisational, operational, personal, and behavioural objectives, whilst demonstrating Ascot Lloyd’s values and core competencies
- Expand client opportunities via networking with external bodies.
- Ensure that MI reporting is completed timely and accurately as directed by Ascot Lloyd or Adviser Relationship Manager.
- Meet set KPIs both in terms of service levels, Advice revenue and compliance standards.
- Support the Treating your Customers Fairly (TCF) & Consumer Duty initiatives by ensuring you operate in line with FCA requirements.
SM&CR Responsibilities
As an FCA regulated Company, Ascot Lloyd are required to adhere to the Senior Managers and Certification Regime (SM&CR), to develop a culture where employees take personal responsibility for their own actions.
Individual Conduct Rules
- You must act with integrity
- You must act with due care, skill and diligence
- You must be open and co-operative with the FCA, PRA and other regulators
- You must pay due regard to the interests of customers and treat them fairly
- You must observe proper standards of market conduct
- You must act to deliver good outcomes for clients
