10th April 2013

Adviser letter of the week

Just for your info I have just counted for the first time the number of documents required to transact business for a client.

Last Friday I advised a married client (couple) who agreed to some business with us 2 x Isa, 2 x pension and one Inv Bond. All docs taken into account are as follows:

Pre Sale fact finder KFDs KFI and many more      = 169 pages

Post Sale app forms and agreements                 = 105 pages

Total docs                                                       =  274 pages, equivalent to a novel

If it were just one piece of business I estimate at least 150 pages

Is this what clients need and want”?

Any other experiences welcomed, before we run out of trees!!

Paolo Standerwick

Adviser Letter of the Week

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