"California dreaming on such a winter's day" "California dreaming on such a winter's day"

06 Nov 2017 Ken Davy

As the nights darken and the winter cold approaches, it is a good time to consider spending a few tax-deductible days in the Californian sunshine.

While not a holiday as you will probably find yourself working harder than normal, joining financial advisers and colleagues from across the world, in Los Angeles next June at the Million Dollar Round Table (MDRT) Annual Meeting, is a proposition I urge you to seriously consider. Simply by joining MDRT, you will have internet access to an Aladdin’s cave of material that will help you succeed in business, while enjoying a balanced and fulfilling life.

Regular readers of this column will be aware of the important influence MDRT has been on my own personal and business life. This has primarily been through attending the annual meetings across North America. However, with remote access via the internet, massive additional opportunities for you to learn and develop are now available at a fraction of the cost of flying the Atlantic. Please try it for yourself at mdrtresourcezone.org. These ideas only reflect a tiny amount of what is available to all MDRT members a mouse click away.

Further good news is that Keith Richards of the Personal Finance Society (PFS), along with respective PFS presidents, has attended several annual meetings. I hope this will ultimately lead to a strong link between the PFS and MDRT. There is no doubt in my mind that this would be to the mutual benefit of all concerned, as was the strong bond between MDRT and the Life Insurance Association.

While the qualification requirements of MDRT are no longer a challenge – needing a gross fee income of about £66,000 – they are an important prerequisite that ensures everyone involved in MDRT has practical experience of providing financial advice to clients. In other words, you cannot simply buy a ticket. You have to be generating income as a result of advising real clients in the real world. If you need any help in applying for MDRT do not hesitate to contact me.

It has been my privilege to introduce quite a few advisers to MDRT and a few days ago one told me that in three years he had improved his work/life balance while trebling his income. Now that is a thought to keep you warm on a cold winter’s night.

Ken Davy is chairman of SimplyBiz


"All my other contacts with SimplyBiz have been, without exception, friendly and all my queries have been dealt with efficiently and effectively. I feel reassured to be a member of an organisation which quite clearly has its Members' interests at heart and which has a positive philosophy with both corporate and individual competence."

Dr David Carter APFS

Read More

Latest News

"Waving the flag for the future of financial advice'

March 14, 2018

Helping young people grow and develop their careers is a responsibility I believe falls to us all. The recent National Apprenticeship Week, offered an opportunity to not only promote the option of apprenticeships to young people and employers, but also to celebrate the positive impact these schemes have already achieved.

Read more >

SimplyBiz announces fourth pension transfer partner

March 07, 2018

Peterborough-based Tuto joins Grove Pension Solutions, Pensionhelp and Creative Wealth Management on SimplyBiz's SimplyRefer proposition, offering outsourced pension transfer advice.

Read more >

Quality advisers have been tainted by the actions of the few

February 28, 2018

In his latest blog, Ken Davy considers how a few bad apples have the potential to spoil the barrel.

Read more >

Rory Percival joins Centra investment committee

February 27, 2018

SimplyBiz Group has appointed former Financial Conduct Authority technical specialist Rory Percival to sit on the investment committee for the newly created Centra with responsibility for external governance as well as compliance.

Read more >