Consumer Duty has raised the bar (and the cost) of running financial planning businesses. In this practical session, and with the help of 8AM Global, we unpack advisory vs discretionary models, demystify co-manufacturing/insourcing, and show how to reduce burden without losing control of your proposition.Who it’s for: financial planning firms using advisory or discretionary model portfolios, and providers working with advisers who want to be able to have smarter conversations about investment management.You’ll learn:* What “manufacturer” means under PROD & Consumer Duty* How responsibilities, reporting, and liability differ across advisory, outsourced MPS, and co-manufactured solutions* How much control you keep with co-manufacturing—and how to evidence value* Migration, comms, and positioning with clients (without losing trust)* Objective MPS comparisons * Asset levels needed to launch a fundSpeakersBen Wright (Melo), Paul Hogg & Ash Weston (8AM Global)

Here's what we talked about:

00:46 – Introduction
05:31 – Jargon buster: advisory vs discretionary vs MPS vs co-manufacturing (what’s what?)
09:18 – Who’s responsible for what under each model? (permissions & duties)
10:36 – If we run advisory model portfolios, are we a “manufacturer”?
11:05 – How do reporting and evidence requirements differ across models?
15:32 – Considering co-manufacturing: how much control do we keep?
24:43 – If we gain discretionary permissions later, can we take over the models?
29:14 – What’s the easiest way to migrate clients from advisory to an insourced/co-manufactured solution?
32:37 – How do we reposition with clients without “losing face”?
38:15 – Value chain: where (and how) can firms fairly take value for investment work?
42:49 – “Aren’t model portfolios just fancy multi-asset funds?”
46:54 – If we blend several multi-asset funds, are we co-manufacturing?
48:46 – We currently use 3 multi-asset funds per risk level—what’s the smarter next step?
49:28 – One multi-asset fund vs moving to an MPS provider—how to choose?
51:30 – What about blending outsourced MPS ranges—smart or messy (and are we manufacturers)?
54:14 – Quick-fire: best way to compare MPS propositions objectively
56:00 – Quick-fire: how much AUM do you need to start a fund?

To find out more or get in touch visit https://melo.co.uk.#ConsumerDuty #FinancialPlanning #FinancialPlanner #AdvisoryVsDiscretionary #ModelPortfolios #CoManufacturing #Insourcing #Outsourcing #MPS #WealthManagement #BuildingBetterBusinesses #Melo