Personal Touch Financial Services has launched a new business development programme offering member firms training and support in running successful businesses.
Starting this month the network's member firms will be invited to attend specialist workshops focused on long-term business plans which incorporate mitigation against regulatory risks.
The programme will be split into three clear modules, facilitated by external industry experts to support key areas such as business planning, recruitment skills, managing people effectively and budgeting.
Karen Pearson, people and development director at Personal Touch, said: "Prior to this, virtually all industry network development support focused on products or selling but this new initiative focuses on the advisers themselves which is why it is different.
"We are treating our principals as professional business people not just financial advisers."
Adrian Hill, principal of Octagon Financial Services, a Personal Touch member firm, added: "I feel I am strong at advising clients, motivating people and managing my compliance, however this is completely different to growing and managing a business."
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