One of the challenges to solicitors posed by the Legal Services Act is that of reducing reliance on transactional business and building enduring client relationships.
A business area which commends itself as complementing solicitors' mainstream work is financial advice, and the more enterprising firms are increasingly seeking to align with fee-based financial advisers to provide a more comprehensive client service.
SIFA was founded in 1992 by a solicitor financial adviser and is the support group for financial advisers who are partly or wholly owned by solicitors or accountants or who have close links with the professions. SIFA is unique among the major IFA support groups in having no product provider shareholding involvement and in being recognised by the FSA as a trade association. SIFA also has a permanent seat on the Financial and Investment Business Working Party of the Law Society of England and Wales; and SIFA’s Compliance Director was previously the head of financial services compliance at the Law Society.
As one of the few firms of Financial Planners qualifying for SIFA membership in the Leicester/ Nottingham/Derby area, Chesterton House are very well placed to handle enquiries from the legal profession.
If you are a practicing solicitor and would like to discuss how our services could help you to not only provide more effective solutions for your clients but also build a more enduring business relationship with them, why not contact us now?