Discount Brokers
Discount Brokers are under increasing presure to compete against the giant market leaders.
It does not need saying that discount brokers thrived from the growing PEP and ISA demand by offering discounts that were not available elsewhere. From there on in it has always been down to service levels to retain clients as the discount playing field levelled.
However, the current cycle for discount brokers is challenging. SIPPs - with their large pension transfer values - are still in their infancy, yet already overtaking ISA sales.
Competing in the SIPP market is however difficult, when the market leaders have their own SIPPs that they can offer to your clients free of charge (by offsetting the SIPP cost against trail commission).
Intelligent Money can now enable you to do the same by providing you with your own SIPP on the same terms.
Protect Your Existing Business and Grow
It is not a secret that discount brokers are losing business on a monthly basis. Your clients - in search of a free SIPP - are then being tempted to move ISA and direct holdings to their new broker. The result is that you lose business from existing clients whilst not benefiting from increased earnings from SIPP.
You can, however, stop this. We can provide you with your own 'FREE' SIPP for your clients in exactly the same way as the market leaders do (by offsetting some of the resultant trail commission earned towards the SIPP costs).
We can run the entire SIPP build for you - under your brand should you wish - in as little as four weeks and at no charge. Please contact us for more information.