Should you use vetting for all your research

This is something that I considered heavily during my time as an adviser, and even more so now as I continue to consult with many advice practices. Vetting all your research and Statement of Advice can be time consuming given the delays by your dealer group’s compliance team, but is the wait worth it?

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Scott Miller
Transparency. Its not just about fees.

The majority of clients and advisers focus on fees as the main form of transparency that matters. When in reality, there is another transparent area that should be of higher focus which will make your life much easier when dealing with clients going forward.

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Scott Miller
You only need 11 file notes categories for a new client

I won’t lie. I have lost many hours of my life trying to document every single engagement in fine detail to compliantly protect myself from a “he said, she said moment” once the advice is completed. When I reviewed my files, there would be file notes everywhere. I thought to myself, “why do we need so many file notes all over the place for every category?”

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Scott Miller
How one questionnaire can qualify your ideal client

When I first started out in Financial Planning, I would assume that the clients would provide the necessary information such as assets, liabilities, budget and job information at the first meeting or after the meeting – depending on whether the client had that information available. I quickly learned two things…

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Scott Miller