What can we do for you?

CHAMBERS PARTNERSHIP IFA OFFERING

 

The Chambers Partnership (Chambers) is confident that it has a robust compliance model and offers a comprehensive support service in other areas, one that would be attractive to experienced financial advisers. This document sets out what services Chambers can offer to anyone who decides to join as an IFA.

Vision

At Chambers Partnership Ltd we are a premier financial services organisation that delivers a trusted and professional business model to our IFA Partners and through them to our clients. We do this ensuring full compliance with regulatory and best practice standards through a team of well-motivated and well-trained staff supporting our team of highly valued Independent Financial Advisers.

Chambers Partnership will be differentiated from competitors in the market place by how we retain advisers, involve our colleagues in the business and the quality of the management team.

Management Structure

Chairman: C F McKeown BSc

Financial Director: Paul Robinson FCA

Chief Operating Officer: Marjolaine Quirke MBA

Executive Sales Director: Toni Franchitti

Non – Executive Director: Martin Tuckwell (ex PIA and FSA)

Compliance Administrator: Martin Saxon

A full profile of the team can be viewed on our website – www.chamberspartnership.co.uk

Cost Model

Directors receive no remuneration from the business preferring to take dividends [when payable] demonstrating their commitment and believe in our model and preferring to re-invest in the business. Other than our in -house compliance administrator Chambers outsource all our operations hence our ability to discount our fees to our IFA Partners [see below]

Regular Performance Reviews:

Formal performance review interviews to take place every six months. Will include discussion of all Key Performance Indicators as well as CPD and any other issues of concern for either Chambers or the adviser.

 

Revised Training & Development Plan drawn up by Chambers and the adviser together at each performance review

 

  • Annual testing

 

  • Initial Training & Development Plan drawn up by Chambers and the adviser together

 

File Reviews:

  • 100% file review while attaining competence, via our third party file reviewers

 

  • 10% file review once competence has been attained, with 50% review continuing on more complex products, again via our third party reviewers

 

Reporting:

  • GABRIEL reports taken care of by Chambers on your behalf

 

  • Professional Indemnity Insurance held on your behalf by Chambers, which will cover all FSA regulated business you transact, and which is held via a leading Lloyds underwriter

 

  • Any complaint redress settled by Chambers from the insurance cover provided. Chambers to fully and fairly investigate any complaint received against you

 

 

Remuneration:

 

  • Top rates of commission negotiated with providers

 

Retention Rates:

 

We will offer a discount compared to our competitors in the regions of 15% to 20%

 

 

RDR:

 

We will provide a mentoring programme for all advisers, pay exam fees and you will have access to a wide range of distance learning tools, however, it is our “learning with colleagues programme” that sets us apart from the rest

 

Support:

 

Comprehensive management information provided via the True Potential system. Key Performance Indicators alerted to you by the system on a daily basis. Includes data on:

  • File review quality
  • Product spread
  • Provider spread
  • Complaints received
  • Income breakdown
  • Persistency

 

Technical support available from the Chambers office:

 

  • Full support with enquiries on compliance issues, and enquiries to the FSA

 

  • Comprehensive Compliance Manual available for view. Includes:
  • Complaints Procedure
  • Anti-Money Laundering Procedure
  • T&C Scheme
  • Fact Find Completion Guide
  • Suitability Report Completion Guide
  • Data Protection Guide
  • Treating Customers Fairly Policy

 

Electronically held policy information:

 

  • Dedicated client website, to which clients can log in and view:
  • Policy details
  • Valuations
  • Investment performance
  • Asset allocation
  • Your contact details

 

Other features of True Potential:

 

  • Remote access via the Internet from anywhere in the world

 

Access to electronic fact-find, Attitude To Risk Assessment Sheet and Suitability Report Generator

 

  • Electronic diary, which includes details of outstanding compliance tasks

 

  • Electronic storage of all documents

 

  • Research and asset allocation tools

 

Insurance:

 

  • Professional Indemnity Insurance provided by Chambers, which will cover all FSA regulated business you transact
  • Complaint redress settled by Chambers from the insurance cover provided. Chambers to fully and fairly investigate any complaint received against advisers