The new one-day programme is being run by the firm’s in-house team and is designed for all companies regulated by the FCA across pensions, investments, mortgages and protection.
The workshop content has been designed to help financial advisory firms establish the business development path that best suits their business and clients, by exploring a range of potential opportunities.
Advisers can earn up to six hours CPD at the workshops, which are CII and IFS accredited.
The content includes:
· The theoretical basis and practical application of strategy, including an examination of purpose, reason and vision;
· Developing goals and objectives, based on an analysis of the business today;
· Exploring the opportunities for growth, giving consideration to the business model, client segmentation, succession planning and adviser recruitment, including apprenticeships and training;
· Mergers and acquisitions activity, along with opportunities for business owners to invest in their firm.
Ross Liston, managing director at Bankhall and PMS, said: “Advisory firms are dealing with unprecedented levels of change as a result of shifting customer demands, rising regulation and the need to embrace technology.
“Meanwhile, topics such as adviser recruitment and succession planning have risen in importance.
“We want to help firms select the business development path that’s right for them.
“Setting out a clear vision and considering the opportunities for new business growth, combined with an effective implementation plan, will help firms to take control of their destiny and achieve their future objectives.”
Bankhall’s head of adviser learning, Justine Paul, said: “Many financial advice firms want to grow their business, but turning that ambition into reality is easier said than done.
“It means busy advisers investing time away from the day-to-day business to analyse their current and future strategy.
“Our new workshop gives business owners the practical building blocks they need to help formulate the right business development plan for them.
“This will ensure advisory firms remain relevant to their clients and in control of their future strategy, so they are successful long-term.”