IFA clients see costs shaved in legal services tie-up

Laura Miller
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An independent financial planning firm will offer its clients legal services as part of a joint venture with a law firm.

FiveWays Financial Planning will refer clients who need a lasting power of attorney (LPA) or a will to OmniaLegal, where they will benefit from a 10% discount on the services. "We chose OmniaLegal because they are extraordinarily efficient compared with most other law firms", said Steve Poland, a director of FiveWays. "They use technology to simplify the process and it is very user-friendly for the client." The LPA service is telephone-based and costs £250 plus VAT and a simple will is £125 plus VAT. "We know clients are often slow or reluctant to engage in making Wills or setti...

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