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Connect’s Referral Service | Unlocking Opportunities in 2023

Connect's Referral Service

Connect’s referral service 


In the ever-evolving landscape of financial advisory services, staying ahead of the curve and effectively assisting clients is a constant challenge. Sometimes, Advisers or Introducers may find themselves in situations where they need more permission, knowledge, or time to provide the best advice to their clients. 

In such scenarios, Connect’s referral service emerges as a valuable ally. This comprehensive article will delve into the depths of Connect’s referral service, exploring how it can empower advisers and Introducers to assist more clients, all while sharing in the commission benefits minus the regulatory burden.


Why should brokers use a referral service?


Brokers encounter a recurring challenge that puts them in the uncomfortable position of declining new business opportunities. This refusal might be prompted by the intricacies of a case or simply because the broker needs to gain the requisite expertise or familiarity with a specific market niche.


  • Navigating the Broker’s Dilemma:  The question naturally arises: what can be done to address this conundrum? One authority in the field firmly believes that Connect’s referral service holds the key to resolving this issue. It offers a comprehensive solution, not only benefiting the client but also mitigating the regulatory and compliance risks that brokers often encounter.
  • Connect’s Referral Service:  Connect’s referral service stands out as a holistic remedy to the challenges brokers face. It transcends mere problem-solving by presenting a well-rounded approach that not only accommodates the client but also safeguards the broker’s interests in the intricate realm of financial advisory.
  • Enhancing Client Services:  For brokers, one of the core objectives is to provide top-notch service to their clients. Turning away business opportunities not only affects potential revenue but may also tarnish the relationship with clients. Connect’s referral service acts as the bridge that enables brokers to meet the diverse needs of their clientele. When faced with a complex case or a specialised sector, brokers can confidently refer their clients to Connect’s experts. This ensures that the client receives tailored solutions while maintaining a seamless advisory relationship.
  • Risk Mitigation through Collaboration:  The regulatory landscape can be a treacherous terrain, with compliance challenges lurking at every turn. Connect’s referral service takes this burden off the shoulders of brokers. By collaborating with Connect, brokers can divest themselves of the regulatory and compliance concerns associated with complex cases or specialised sectors. This collaboration ensures that the expertise and oversight required for regulatory adherence are in place, safeguarding the broker’s practice from unnecessary risks.

Seizing Growth Opportunities:  Rather than having to say ‘no’ to potential business, brokers can now embrace every opportunity that comes their way. Connect’s referral service opens the door to growth by providing a network of experts and a wide array of lenders. Brokers can confidently accept diverse cases, knowing that Connect’s referral service is available to handle the complex intricacies.


Understanding Connect’s Referral Service


Connect’s referral service is meticulously designed to cater to Advisers and Introducers who encounter hurdles related to regulatory permissions or comprehensive financial knowledge. It functions as a strategic bridge, facilitating these professionals in broadening their horizons and delivering valuable advice to a wider array of clients. 

The fundamental premise is elegantly straightforward: even if you may not possess the mandated permissions or specialised expertise, Connect does. Through the conduit of their referral service, you can effectively tap into and leverage their extensive capabilities.


Unlocking access to a multitude of lenders


Connect’s referral service allows you to more than just a select group of lenders that they package for. Instead, it opens the door to a diverse network of lenders that Connect collaborates with. This means you can offer your clients recommendations from various options, ensuring a tailored and flexible approach to their financial needs.

Sharing the Commission Pie: One of the key attractions of Connect’s referral service is the opportunity to share in the commission. While you may not bear the regulatory responsibility for advice, you can still reap the financial rewards. This setup allows you to diversify your income streams and build a robust financial advisory practice without taking on excessive risk.

Leveraging Expertise: Connect’s advisers bring a wealth of knowledge and experience to the table. By collaborating with them, you can tap into this expertise and offer your clients well-informed recommendations. This collaboration enhances your credibility as a trusted financial advisor, reinforcing client trust and loyalty.


Who benefits from Connect’s Referral Service?


Selecting a reliable referral partner entails entrusting your case to them with unwavering confidence. It assures you that your client is under expert care, receiving advice and customer service on par with what you would personally offer. Connect’s referral service perfectly exemplifies this concept, as it is meticulously crafted to address the unique needs of distinct segments in the financial advisory sector:


  • Advisers Seeking Regulatory Support:  If you need the necessary permissions or regulatory approvals to offer financial advice directly, Connect’s referral service can bridge this gap. You can retain your client relationships, extend your reach, and rely on Connect’s regulatory compliance.
  • Introducers with Limited Financial Expertise: Financial intricacies can be intimidating for Introducers without an extensive financial background. By connecting with Connect’s experts, Introducers can confidently provide valuable insights to clients without becoming financial experts themselves.
  • Time-Constrained Professionals:  The demands of a modern-day financial advisor can be overwhelming, leaving little time for in-depth research and client engagement. Connect’s referral service frees up your time, allowing you to focus on client relationships and business development while experts handle the intricacies.


How to get started with Connect’s Referral Service


Begin by reaching out to Connect to express your interest in their referral service. We will guide you through the onboarding process, ensuring you have a clear understanding of how the service operates.

  • Collaboration Agreement:  You will enter into a collaboration agreement with Connect, specifying the terms of the partnership, including commission sharing, regulatory responsibilities, and client engagement procedures.
  • Client Referrals:  Once the agreement is in place, you can refer clients to Connect for expert advice. Connect’s advisers will work closely with you to provide the best possible solutions for your clients.
  • Commission: Enjoy the benefits of commission sharing as clients you refer to Connect receive advice and financial solutions. This provides an additional revenue stream for your practice.

Staying adaptable and offering clients the best solutions are paramount. Connect’s referral service empowers Advisers, Introducers, and time-constrained professionals to provide high-quality financial advice without bearing the full regulatory burden. By leveraging Connect’s expertise and network, you can unlock new opportunities, expand your business, and, most importantly, better serve your clients. Make the smart choice and partner with Connect to take your financial advisory practice to new heights.

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