The TaxAssist Group has rolled out its financial planning offering to meet clients’ needs and drive new income streams for franchisees
TaxAssist Accountants has launched its new financial services offering, with clients now able to access advice and support on mortgages, personal and business protection and relevant life cover.
TaxAssist Financial Services is a TaxAssist Group Company headed up by managing director, Matthew Tyerman ATT DipPFS, who also owns and operates a TaxAssist Accountants franchise in Hove. Matthew has been running a successful pilot project in his own franchise territory, while gradually rolling out services and building a team of advisers at TaxAssist’s Support Centre, who can now deliver their service to all corners of the UK.
He said: “This represents a huge opportunity for franchisees, with an extended range of services, providing a competitive advantage over local firms. It will also generate a passive income stream for introducers, earning a generous 20 per cent commission on everything ever earned.
“Remarkably, this includes ongoing advice fees on investment value together with trail commissions – an arrangement rarely offered by financial advisers. Furthermore, franchisees will also earn commission on any new clients we acquire in their territory even if they are not a client of the franchisee. This opens the market up even further for the franchise network.”
Daren Moore FCCA, TaxAssist Group’s managing director, added: “The new service lines will build on existing client trust and knowledge of clients’ financial affairs and will also improve customer loyalty, as well as attracting more clients who may initially be interested in financial planning, but then require accounting and tax services as well. New income streams will also increase the resale value of our network’s practices.
“Extending the TaxAssist portfolio offers enormous potential for growth and creates huge value to franchisees. With more services in the pipeline, including trust and estate planning, which will be offered as a joined-up service with our in-house Tax Consulting team, this enhances the brand and puts us several steps ahead of the competition.”
Clients will also be able to benefit from wealth planning and pensions advice, which will be offered soon.
