NextGen Planners

Idea

Introduction

Our vision is to empower inclusive, innovative and collaborative people and businesses within financial planning.

We do this by identifying and solving the biggest challenges, with the provision of expert training and resources to our community.

From training new financial planners, to launching a business, to running a financial planning tech stack, to learning the skills to present with confidence, and a myriad of other things, we've got you covered. And some.

Our fee paying community is now just shy of 1,000 strong and continuing to grow. Our team have the experience and skills to understand our community, and build solutions to their problems, as evidenced over the past few years with the launch of the award winning NextGen Planners Training Contract™, AdviceStack™ and TechStack™ to name but a few.

Come on the journey with us, to making this profession an even better place to be.

Substantial accomplishments to date

• Revenue:
2019 = £176k*
2020 = £228k*
2021 = £397k*
2022 = £544k to date*

• Profitable for the last four years*.

• Winners of the Professional Adviser Award for "Best Support Service" three years in a row, 2020, 2021 and 2022.

• Launched our first scholarship programme alongside the Chartered Institute of Securities and Investment providing 20 people with the opportunity to train to become a financial planner.

• Achieved a Net Promoter Score of 83 which puts us in the top 10% of UK brands.

• Over 133k+ downloads of our podcast.

• Grown to 950 members (60% growth in the past 12 months).

• Acquired specialist financial planning design agency DocVinci and joined the Financial Adviser Mentorship community during 2021.

• Hosted our biggest annual conference to date with 250 delegates under a concorde.

*Based on unaudited management accounts.

Monetisation strategy

We currently generate revenue in 8 different ways;

1. NextGen Planners Training Contract™ - A packaged training solution that takes people from zero, to a fully qualified financial planner (from £3,500+VAT to £8,000+VAT).

2. AdviceStack™ - A growth platform for financial planning businesses. (£99+VAT per month)

3. TechStack™ - Software and training built to power and scale next generation financial planning businesses (£255+VAT per firm per month + £99+VAT per additional user)

4. Membership - A private diverse community of almost 1000 heroes from across the financial planning world. Full of content, collaboration and conversation. Hosted on a modern, intuitive platform. (£12.90+VAT per month)

5. The Hero Product™ - Modern marketing support for financial planning businesses (£5,000+VAT)

6. Accreditations - Recognising the leading firms in the land (£1,500+VAT).

7. Sponsorship - Self explanatory. Move along.

8. Consultancy - Providing expert insights to third parties (£1,000+VAT per day)

Use of proceeds

New Colleagues:

Our award winning NextGen Planners Training Contract™, is delivered by our Head of Content and Training, and a handful of amazing outsourced consultants.

As demand continues to grow, we need to invest in bringing in some additional headcount to cope with the increase in Training Contracts that we need to deliver. If we can scale up our internal resource, we can continue to support the profession with outstanding training and support.

We also need a Head of Community and some administration support as we look to grow the numbers we serve.

New Software:

We're developing an MVP of a piece of software that we believe has the potential to improve part of the financial planning world's tech stack. We can't quite delve into more detail than that (gotta keep it secret, obviously), but we'd like to invest in continuing to develop this software into a viable product to serve our marketplace.