Flying Colours Wealth Management has launched a “unique advice model” which it has claimed uses technology that will improve efficiency for both IFAs and clients.
The model will also solve the productivity gap identified by the Flying Colours team which suggests advisers could earn 300% more in revenue.
Guy Myles, CEO of Flying Colours Wealth, said: “We strongly believe the range of investment management services available to the average investor is not good enough and that the technology and systems offered to financial advisers leave them less productive than they should be.
“Successful robo-investment remains decades away. It is important for financial advice to be uncomplicated and available to all, which is why I founded Flying Colours Wealth Management.”
From just three advisers earlier this year, Flying Colours Wealth now has 25 and expects to have 500 advisers on its books by 2022.
The firm has the support of Baroness Ros Altman, a former minister in the Department for Work and Pensions, who said there is more need than before for people to take financial advice.
“We have without doubt witnessed a revolution in the pension space and therefore now more than ever people need individual financial advice on how to make the most of their pension,” she said.
“The industry has yet to meet the needs of the growing number of pension investors and companies like Flying Colours Wealth should deliver the straightforward, comprehensive and low cost way advice they need to help plan their future.”
Alongside the newly-launched model for advisers, Flying Colours Wealth aims to change the perception of advice with people who see it as a big expense, rather than an investment.
