"California dreaming on such a winter's day" "California dreaming on such a winter's day"

06 Nov 2017 Ken Davy

As the nights darken and the winter cold approaches, it is a good time to consider spending a few tax-deductible days in the Californian sunshine.

While not a holiday as you will probably find yourself working harder than normal, joining financial advisers and colleagues from across the world, in Los Angeles next June at the Million Dollar Round Table (MDRT) Annual Meeting, is a proposition I urge you to seriously consider. Simply by joining MDRT, you will have internet access to an Aladdin’s cave of material that will help you succeed in business, while enjoying a balanced and fulfilling life.

Regular readers of this column will be aware of the important influence MDRT has been on my own personal and business life. This has primarily been through attending the annual meetings across North America. However, with remote access via the internet, massive additional opportunities for you to learn and develop are now available at a fraction of the cost of flying the Atlantic. Please try it for yourself at mdrtresourcezone.org. These ideas only reflect a tiny amount of what is available to all MDRT members a mouse click away.

Further good news is that Keith Richards of the Personal Finance Society (PFS), along with respective PFS presidents, has attended several annual meetings. I hope this will ultimately lead to a strong link between the PFS and MDRT. There is no doubt in my mind that this would be to the mutual benefit of all concerned, as was the strong bond between MDRT and the Life Insurance Association.

While the qualification requirements of MDRT are no longer a challenge – needing a gross fee income of about £66,000 – they are an important prerequisite that ensures everyone involved in MDRT has practical experience of providing financial advice to clients. In other words, you cannot simply buy a ticket. You have to be generating income as a result of advising real clients in the real world. If you need any help in applying for MDRT do not hesitate to contact me.

It has been my privilege to introduce quite a few advisers to MDRT and a few days ago one told me that in three years he had improved his work/life balance while trebling his income. Now that is a thought to keep you warm on a cold winter’s night.

Ken Davy is chairman of SimplyBiz


Testimonials

“Have been delighted with the way all staff treat Members”

David Stewart
Straight Talk Financial Planning

Read More

Latest News

"How turning a blind eye got us to where we are now"

July 18, 2018

It was not many years ago when it became virtually impossible for anyone to obtain PI cover at a reasonable premium. Such was the crisis that the then regulator, the FSA, turned a blind eye to the fact that over a thousand firms were trading without PI insurance.

Read more >

How to help clients create a lasting power of attorney - CPD article

July 16, 2018

Buzz Aldrin’s recent decision to sue his family for mismanagement of his finances has, quite rightly, reminded advisers across the pond that those appointed to make decisions on a client’s behalf need to be selected with the utmost care.

Read more >

Global markets are set up for stock pickers, say industry heavyweights at SimplyBiz Group Advice Show

July 10, 2018

Geopolitical changes are creating the ideal investment environment for stock pickers, according to industry experts speaking at the most recent Advice Show.

Read more >

"Hello, have you been mis-sold an accident claim?"

July 05, 2018

I am sure you will have been delighted to note that, at long last, the Financial Conduct Authority (FCA) is going to formally regulate the ambulance chasers.

Read more >