yep

I started using Truth this time last year and can kick myself that I didn't before, despite using two different back office systems from 1998 and 2003 respectively. The back office systems were fine for input, but output and client engagament with the plan is the difference with things like Truth or Voyant etc. I woudl not say I am at stage 4 yet, but I am certainly on the way and trying to do it as I do believe it is the way forward even if I am very critical of RDR, mainly over timeline as if I am somewhere like 3 at the moment and there are still a lot at 1, they will struggle and people capcable of staying past RDR, might choose or be forced to leave when really they should be helped and encouraged to stay. Truth is not a back office system, think of it as the output, we used it in conjunction with our existing back office system last year, but I have decided that for a firm our size, it probably makes more sense to have the fully integrated system which Prestwood is as it combines back office with output. I'll discover in the next 3 montsh whether I have made a horrendous decision to change back office, but based on what I have seen so far, I think not.

Posted by: Phil Castle

Stages

When referring to stage 3 and 4, I meant category of adviser as described by Marlene Shalton in the article.

Posted by: Phil Castle