"We have seen an increasing focus from advisers on LPAs as an essential part of the holistic financial planning process for all clients."
Through its subsidiary company, APS Legal & Associates, Simply LPAs will offer a full document drafting and checking proposition to advisers who want to offer LPA services to their clients, but do not hold the appropriate skills.
Richard Ardron, marketing director of The SimplyBiz Group, commented: “We have seen an increasing focus from advisers on LPAs as an essential part of the holistic financial planning process for all clients. Traditionally viewed as a later life concern, there is growing awareness that mental and physical incapacity can, sadly, strike at any point of a client’s life. Therefore, in order to ensure that a client’s finances continue to be handled in the way they would like, no matter the circumstances, LPAs should be considered vital for every client an adviser sees.
“Of course, advisers can’t be specialists in every single area of financial planning; Simply LPAs will provide the reassurance that their clients’ interests are being protected, even if it is not an area in which they themselves choose to conduct business. The Group’s existing referral services, in specialist areas such as DB transfers and care funding advice, are widely used by our Member Firms, and we know there is a real appetite amongst advisers for utilising outsourcing to offer a more comprehensive service.”
