Dear JV Partners,
We thought we would take the opportunity to update you on the progress we have made in consideration of a new investment consultant or consultants to support Prime’s investment committee.
Our process has been extensive having spoken to approximately 15 different groups and / or individuals, all of which have assisted us in identifying the qualities we feel will be most valuable for clients, the financial advisory team and you as JV Partners. We have been very encouraged by the calibre of candidates we have met and are excited by the prospect of our future collaborations. We expect to be in a position to make an announcement inside of four weeks as we narrow the pool to a select few and complete the appropriate due diligence.
In other news, it has been pleasing to produce our recent recommendation and client webinar on improving returns on cash, naturally and not surprisingly an area of great interest to clients. If you would like more information on this or feel that prospective clients would like to have a discussion in this area we would be pleased to assist.
Finally, we would like to confirm that we have recently relaxed the minimum Statement of Advice (SoA) fee for less sophisticated advice. This is by no means about stepping away from the value of the initial advice piece, rather a recognition that simpler matters can be dealt with more efficiently and cost effectively. Continuing on the topic of advice, you will also see in our discussion pack a note that was drafted by Michelle Bromley, Prime’s Director of Strategy & Advice, on the value of advice, please take the time to read it, it is a great and simple explainer on why clients benefit from partnering with our JV for wealth management.
As always, we hope your team and you are well and if you’d like more information or simply to chat or check-in please do not hesitate to drop us a line.
Best,
Simon Madder.
