Nominations

Advisers are meeting the challenges of rising client expectations, tough markets and enhanced regulation. This award is for firms that have excelled in building a sustainable business underpinned by clear strategic vision. Entries can highlight the following:

• How the firm has created a comprehensive three to five year strategy
• Resilience in the face of the pandemic
• Evidence of consistent profitable growth

Top quality professional staff are a key element in any successful adviser firm. Regulators demand the achievement of certain qualifications but the most successful firms go beyond that and create a professional development strategy for all staff at every level of the business. Entries can highlight the following:

• Alignment of professional development with the firm’s strategic objectives
• Investment in staff training and development
• Evidence of the proportion of staff achieving relevant professional qualifications
  

Clients expect advisers to offer advice and solutions perfectly matched to their needs and provide top class service. The ability to deliver great service has been tested as never before This will be demonstrated in entries through:

• Great communication, clearly focused on client concerns and needs
• Successful segmentation of the firm’s customer base with the appropriate support and advice given to clients
• Consistent levels of client retention
  

Reaching potential clients and sustaining effective communication with existing clients is an opportunity for firms to set themselves apart from their competitors. Digital engagement with customers has come to the fore, making marketing propositions more complex. Among the features a successful entry should address are:

• How a marketing programme has reached new markets/clients
• Innovative use of digital tools, including multi-media and social media
• Development of a content marketing strategy focused on client engagement
  

The best adviser firms have adopted new approaches in investment planning and will have responded robustly to the challenges caused by recent turmoil in the markets. Whether it is in-house or outsourced solutions they need to be backed by co-ordinated investment strategies and consistent financial planning processes. Entries can highlight the following:

• The use of appropriate tools to assess attitude to risk, especially extreme volatility
• A thorough approach to due diligence and de-risking portfolios
• Evidence of achievement of consistently above average client satisfaction ratings
  

Digital innovation is a core business necessity. Many adviser firms are leading the way with ground-breaking innovations and partnerships. This award is for them. Entries should highlight:

• Innovation promoting ease of use, perhaps through enhanced online services, or app-based solutions
• Enhanced customer service and quality of information delivered digitally
• Increased customer engagement and positive feedback using digital solutions
  

Environmental, social and governance (ESG) has become a key focus for clients and advisers. It continues to grow rapidly in importance and there are many great internal and external initiatives, often setting the pace for providers to follow. We want to showcase them with this award. These could be:

• Dynamic and imaginative responses to client preferences for ESG-focused advice
• Investment programmes delivering genuine ESG-focused results
• An internal initiative to embed an ESG culture and/or programme of action within your own business
  

Diversity initiatives aimed at bringing new talent into the advice sector and opening up opportunities have been launched by many firms. This award is for an initiative that has addressed a diversity issue and delivered measurable success in the context of their market’s development, culture and specific diversity challenges. Entries might highlight:

• How a firm has identified a lack of diversity and created a plan for addressing it
• Internal programmes or recruitment initiatives aimed at enhancing career opportunities for any disadvantaged or under-represented group or groups
• Evidence of the positive impact this has had on the firm
  

Top class businesses must run efficiently and cost-effectively. Internal systems, processes, IT, CRM, paraplanning, finance, training and HR must all be aligned with the firm’s objectives. The teams that run these functions are essential to the success of the best firms. This award is for the backoffice team(s) in your business and the key elements of winning entries could include

• Clear example(s) of how a support team(s) has made a difference to the overall operational efficiency of the business
• Showing how cost-effective internal efficiency supports the business
• Examples of improvements and enhancements that enabled the firm to respond effectively to events, market issues and volatility
  

Every sector needs new blood and fresh ideas and these are often found in new businesses. This award is for firms that have been operating for three years or less. They must have been established as a trading entity on or after 1 January 2019.

Open to any firm that can demonstrate success in making a noteworthy contribution to the advisory sector and is now looking to take the next step. Existing companies that became newly authorised within the same three year time frame also qualify. Entrants could include (examples only):

• An adviser that has identified a significant market failing and/or gap and filled it
• An adviser that has focussed on using the latest technologies to offer innovative service solutions or target new client groups
• A firm that has embedded best practice and the highest standards of professional advice in a new firm

The firm may not be significantly profitable or fulfilled all its objectives to date, but will need to demonstrate a plan that evidences its potential

To enter this category, firms must submit an entry in at least one other category.

The leading adviser firms have a comprehensive, business-wide strategy for profitable growth and development. They will have a consistent track-record and can demonstrate sustained success across the business. Entries must demonstrate and show evidence of

• Successful development and delivery of a business strategy
• Profitable growth over time
• A genuinely customer centric approach to advice, service and overall best practice
• Excellence in compliance and risk management