Category Archives: Pension Appointments

Pension Appointments

IFA Direct Home Financial Advisor Appointments – UK Average Fund Size

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IFA Direct Home Financial Advisor Appointments: Below is our average monthly  size pension funds generated over the past 15 months, together with numbers booked and the actual ‘sat’ rate. Our overall average pension pot size is £45,022. (a slight slight drop from £47,001 between 2013 and 2015) We have booked 2007 appointments during this period.  Our overall ‘sat rate’ average is 58% or 6 out of 10 appointments.

In October 2015, we enlarged our call centre operations and the volumes of booked appointments since then have  increased by 47%.

Month Size of Pension Fund No. of Booked Appointments Sat Rate
Aug-15 £51,775 143 52%
Sep-15 £48,034 135 44%
Oct-15 £38,907 126 56%
Nov-15 £45,204 117 59%
Dec-15 £39,321 79 53%
Jan-16 £37,131 167 65%
Feb-16 £41,431 152 61%
Mar-16 £49,368 126 57%
Apr-16 £41,976 135 64%
May-16 £45,906 127 63%
Jun-16 £50,842 144 66%
Jul-16 £56,848 127 65%
Aug-16 £45,962 107 63%
Sep-16 £39,903 179 54%
Oct-16 £42,716 143 55%
Total  £45,022 58%
Ryan Mellor
Ryan Mellor is Co-founder of RMT Group, RMT Direct Leads, IFA Direct Home and RegulatedAdvice.co.uk.
http://www.rmtdirect.com
Pension Appointments

I want to reject my last IFA appointment for the following reason…

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We get our fair share of rejected IFA appointments each month by our IFA clients.  This was not one of our best IFA appointments!

I went to see Mr XXX  at his home at 2:00 today. Mr XXX has 23 cats in his house, 4 turtles, 3 dragon lizards, chinchillas, and many other animals all over his house.  

It was not very pleasant in the slightest.

Mr XXX said he was not sure of what I was coming to discuss with him. (In all fairness, he didn’t really let me get a word in for almost 30 minutes).

He said he has been contacted many times by yourselves to arrange an appointment, and he said that you have booked appointments with other advisory firms in the past and he has received txt messages from another advisor who was meant to come and see him but didn’t.  

It turns out that he has a company pension with Jauguar that is still active. He has a small pension with Equitable Life with £5000 it. He also said he has another pension that he took out through work back in the late 80’s. He said he could not remember how much was in there, who it was with of what he had done with the statement. When I asked him howe much he thought was in there, he said ghe believes around the same amount as his Equitable Life pension (£5000). Based on the state of his house and how he lives, I don’t expect he will find it any time soon.

I told him that I would not be able to help him and that you may be in touch with him again.

When we asked for proof that the pension funds was below £12,500 – we was swiftly told by the IFA that even if he had a statement, it would no doubt be covered in cats urine! – We swiftly rejected the IFA appointment!

Ryan Mellor
Ryan Mellor is Co-founder of RMT Group, RMT Direct Leads, IFA Direct Home and RegulatedAdvice.co.uk.
http://www.rmtdirect.com
Pension Appointments

Meet long term client of RMT Direct Leads – Imran Ashraf Chartered Financial Planner at Aspire Financial Management Ltd

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imran ashraf

Meet long term client of RMT Direct Leads – Imran Ashraf,  Chartered Financial Planner at Aspire Financial Management Ltd.

Imran Ashraf joined RMT Direct Leads as a former SJP Partner in August 2013.  In 2015, Imran spent £18,000 on Pension Appointments. These were  sucessfully converted into £70-80,000 worth of fees, giving a ROI of 344%. Todate, Imran has sat 99 appointments and is only one away from his first century with RMT Direct Leads!

Can you tell us a bit about your background?
I have been in the financial advisory industry as an advisor for 10 years. At first honing my advisor skills and technical knowledge at HSBC bank, obtaining the prestigious Chartered Financial Planner status in 2012 and Fellowship status in 2015. In 2013 I decided to setup my own IFA practice and have not looked back since.

What areas do you cover?
I mainly cover the following areas:
London
Surrey
Hampshire
Berkshire

How did you hear about RMT Direct Leads?
Through a google search a number of years ago

What do you like about our service?
Low rate of no shows
Majority of appointments are high quality
Pay after successful appointment payment terms
The appointments go direct into my diary and you have live access to my diary. This prevents double bookings and a more streamlined service.

How much revenue on average do you generate per 10 appointments?
£15,000

What is your conversion rate for pension business?
80%

What is your conversion rate for other business?
25% on the back of these generated appointments

How do we compare to the competition?
I have tried a lot of lead generation companies and have wasted literally thousands of pounds. All of these other lead generation firms have come and gone, but I remain a loyal customer to RMT as they deliver the best and most consistent results.

How can we improve?
Reduce cancellation/re-scheduled appointments
Book more high value clients

Ryan Mellor
Ryan Mellor is Co-founder of RMT Group, RMT Direct Leads, IFA Direct Home and RegulatedAdvice.co.uk.
http://www.rmtdirect.com
IFA Direct Home, Pension Appointments

IFA Direct Home Pension Appointment Video

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IFA Direct Home have launched a new video on You Tube to explain the process from booking a Pension Appointment to the IFA making a recommendation. We hope you enjoy it!

Ryan Mellor, Co-founder at RMT Direct

If you are a financial advisor and you would like to work with us, please visit RMT Direct.

Ryan Mellor
Ryan Mellor is Co-founder of RMT Group, RMT Direct Leads, IFA Direct Home and RegulatedAdvice.co.uk.
http://www.rmtdirect.com
Pension Appointments

RMT Direct Pension Appointments gets a 4.75 Rating for Speed of Delivery

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Pension Appointments

We asked our clients how fast we deliver our pension appointments. 75% of them gave us full marks – 100%, giving an overall rating of 4.75 out of 5 for speed of delivery.

Delivering the appointments fast and efficiently is however, pointless unless an IFA converts his or her pension appointments into actual business. 75% of our clients submitted 6 or pension cases out of 10 cases and a further 1.42 cases per 10 in other areas of financial advice.

Speaking to Imran Ashraff of Aspire Financial Management Ltd an IFA who has been a client with RMT Direct for 2 years,  stated that last year he had spent some £18,000 on pension appointments. This investment generated a return of somewhere between £70-£80,000, a return on investment of 277%!

I asked Graham Thompson of Huntington Ross the same question. This was his response:

Hi Ryan,

Further to our telephone call earlier this week, please find below a quick testimonial of the RMT IFA Appointment service :-

Since I began taking appointments from RMT in 2014, I have had a steady supply of appointments relating mainly to pension reviews. Overall, I have been very happy with the quality of these appointments and they have been invaluable in helping to build up my client bank over the past year. Whilst the size of the pension pots vary considerably, I would say that on average, I generate around £10,000 to £15,000 worth of fees per 10 appointments (Costing around £3,500). With my last 10 appointments, I expect to write business generating something in the region of £13,000 in initial fees and many of these clients will go on to become long term clients, paying on-going advice fees.

I hope that helps and gives a feel for the productivity of your appointments.

Overall RMT received a 4.08 rating out of 5 and 50% of our IFAs gave either a 9 or 10 out of 10 when asked how likely they were to recommend to another IFA.

See the survey for yourself.

https://rmtdirect.typeform.com/report/zMflzm/Q2DG

 Ryan Mellor, Co-founder at RMT Direct
Ryan Mellor
Ryan Mellor is Co-founder of RMT Group, RMT Direct Leads, IFA Direct Home and RegulatedAdvice.co.uk.
http://www.rmtdirect.com
Pension Appointments

IFA Direct Home Pension Appointments – UK Average Pension Size

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IFA Direct Pension Appointments

IFA Direct Home Pension Appointments: Below is our average monthly  size pension funds generated for over the past 26 months, together with numbers booked and the actual ‘sat’ rate.  Our overall average pension pot size is £47,001. We have booked 2,378 appointments during this period. Our overall ‘sat rate’ average is 58% or 6 out of 10 appointments.

The high average pension fund obtained in June 2013  attributed to a much lower count. This is when this product was launched.

From October 2015, the newly enlarged call centre will be in operation  and we anticipate volumes of booked appointments to increase by 50% to a monthly average of 200.

Month Size of Pension Fund No. Booked Appointments Sat Rate 
Jun-13 £95,075 8 50%
Jul-13 £31,333 12 60%
Aug-13 £52,738 19 80%
Sep-13 £59,583 30 62%
Oct-13 £35,068 50 58%
Nov-13 £57,176 106 63%
Dec-13 £29,843 40 52%
Jan-14 £46,355 51 64%
Feb-14 £36,655 94 56%
Mar-14 £32,943 61 38%
Apr-14 £47,282 80 53%
May-14 £51,959 82 65%
Jun-14 £55,816 91 70%
Jul-14 £41,147 90 61%
Aug-14 £58,533 78 61%
Sep-14 £45,801 138 59%
Oct-14 £40,541 147 52%
Nov-14 £44,931 151 49%
Dec-14 £42,974 80 65%
Jan-15 £42,634 115 62%
Feb-15 £48,124 139 66%
Mar-15 £45,918 166 57%
Apr-15 £36,364 153 52%
May-15 £49,492 115 53%
Jun-15 £47,661 167 49%
Jul-15 £46,087 115 60%
Average £47,001   58%
Total   2,378

Ryan Mellor, Co-founder at RMT Direct

If you are a financial advisor and you would like to work with us, please visit RMT Direct.

Ryan Mellor
Ryan Mellor is Co-founder of RMT Group, RMT Direct Leads, IFA Direct Home and RegulatedAdvice.co.uk.
http://www.rmtdirect.com
Pension Appointments, RMT Direct Leads

RMT Direct Appointments

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RMT Direct appointments convert between 60-80%. We asked the following question to our IFA’s in early 2014. These are their replies.

RMT Direct Appointments

What do you like about RMT Direct appointments?

Andy Smith Not had enough to make a comment.
Michael Powell Fairly priced and clients do know what to expect from the meeting.
Imran Ashraf Low number of no shows as clients generally call or text to cancel appointment, saving me a wasted journey
Appointment quality is generally good, with nearly all clients happy to review all areas of finances with a number of needs that I am able to address
Mark Horner Well qualified appointments
Dale Thomas Details given about appointment
Saj Husain RMT Direct appointments are booked for you.
Harvey Professionally booked
Vinny Lall The quality of notes is great. Very accurate and it is evident that the RMT Direct appointment maker is having good conversations with the prospect. Early says for me yet, however I have seen 1 appointment so far and it was exactly what the client and I was expecting.
Imran Ashraf Over the past 3 months the appointment levels have been good, with some very good quality appointments. If you are able to continue at the same levels and quality that you have been performing at over the past 3 months throughout the next 12 months and beyond, I will be extremely happy with your services.
Chandan Hinduja It is very structured, efficient and it does what it says on the tin
David Rogers Very organised and reliable service, thank you
James Tomlinson We have been dealing with RMT Direct now for about 3 months and all I can say is we have been flabbergasted by the service we have received. A combination of great leads in our selected postcodes, efficient diary management, appointment booking and great service all round. They really have transformed the way we run our business and we hope to continue our working relationship with them long into the future.
Richard Paylor Flexibility of appointment making and being available at the end of the phone.
Adam Bainbridge Like the use of Google diaries and that the clients are qualified before booking

Ryan Mellor, Co-founder at RMT Direct

If you are a financial advisor and you would like to work with us, please visit RMT Direct.

Ryan Mellor
Ryan Mellor is Co-founder of RMT Group, RMT Direct Leads, IFA Direct Home and RegulatedAdvice.co.uk.
http://www.rmtdirect.com