Baroness Karen Brady and Seth Godin Headlined Timeline’s Innovative Adviser 3.0 ‘Change Agents’ Conference

In a remarkable showcase of collaboration and innovation, London witnessed a transformative conference event last week, bringing together advisers from a multitude of renowned firms to explore the cutting-edge advancements driving positive change in the financial advice sector.

‘Adviser 3.0: Change Agents,’ organised by the UK’s fastest growing discretionary fund manager Timeline, saw top financial advisers joined at the conference by the star of the BBC TV’s The Apprentice, Baroness Karren Brady CBE who headlined a stellar line-up of expert speakers from throughout the industry. World-renowned author Seth Godin also spoke to delegates by live satellite link.

Co-hosted by the Financial Times Alphaville’s Robin Wigglesworth and Timeline’s CEO Abraham Okusanya, delegates heard from speakers such as Sean Hegarty, Managing Director of Vanguard Europe on ‘The Future of Advice’, Ola Adbul, CEO of Fundment, about ‘The Platform Paradox’ and were treated to a Fireside Chat between David Ferguson, CEO of Seccl, and CEO of Fundcsape Bella Caridade-Ferrara.

A round of quick-burst Tech talks showcasing the latest developments were given by Nucleus, Model Office, Seccl, Vanguard, Fundment, Transact, Asset Map, and Timeline with a number of exclusive reveals being made to excite the audience further while specialist panellist sessions included deep dives into other hot topics like ESG.

Social media has been flooded with positive responses from delegates publicly capturing the mood of the day, including Aleksandra Sasin, Founder of Navigatus, Chartered Financial Planner and a supporter of women in financial planning, who said: “Timeline – thank you for such a wonderfully inspirational day! I’m filled with positivity and more conviction than ever that we should all just be our authentic selves”.

Chris Davies, Founder and CEO of the regtech Model Office, reflected:  “With fantastic speeches from business star Baroness Karen Brady and marketing guru Seth Godin, plus great industry presentations, it was just the tonic for those who do such great and important work for their clients and contribute so positively to the financial planning profession and financial services industry at large”.

CEO of Timeline, Abraham Okusanya concluded, “Adviser 3.0 was undoubtedly the best financial adviser conference of 2023 and was everything I envisioned and then more!  Everyone attending experienced what we’re seeking to achieve in a unique atmosphere with a brilliant array of speakers and panelists.

We saw a wealth of ideas and discussion that will undoubtedly drive positive change in the industry and help millions retire with confidence. We’ve had overwhelming feedback. We are already planning for the 2024 event – every adviser is welcome and should pencil in May 16th 2024 to come and join us”

Building on this hugely successful first event and Timeline’s impressive commitment to innovation, it’s clear that the way in which the event inspired IFAs means that the next event will be hugely anticipated throughout the sector.

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Nene Capital Successfully Finalises First Acquisition of 2023

 Nene Capital Successfully Concludes First Acquisition of 2023

Nene Capital, an opportunity focused investor in UK SMEs, has revealed the triumphant acquisition of Woodland Corporate Interiors ‘WCI’, based in Harlow, Essex. WCI is a long established lead contractor undertaking specialist corporate interiors works for large institutional landlords within the Greater London area and Home Counties.

Nene Capital is pleased to announce the acquisition of long established lead contractor, from its founder management team. As its first transaction of 2023, Nene Capital are delighted to welcome WCI to its growing portfolio.

Long established and highly regarded, WCI has gone from strength to strength under the careful stewardship of the founding management team.

WCI undertakes a broad range of works from large office refit and light industrial to education and luxury homes. WCI is passionate about quality, safety and a customer first approach.

With the existing management team remaining in place for the foreseeable future, as part of a structured handover, it is Nene Capital’s aspiration to continue to support and grow the business from this robust foundation.

Commenting on the acquisition, Stephen Bayliss, Managing Director of Nene Capital said: “WCI is a trusted partner to many institutional landlords, consistently producing superior results for its customers and maintains deep relationships with all stakeholders.

Long established with strong fundamentals, we are excited to work closely with the existing management team to continue to deliver growth over our long-term investment horizon.

As our first acquisition of 2023, we remain singularly focused on delivering value on a risk adjusted basis across all of our strategies. With a strong deal-flow pipeline, we are looking forward to continue in the execution of our ambitious growth plans in both this and other portfolios.”

Commenting on the acquisition, Simon Stringer, Finance Director of Nene Capital said: “We are delighted to add WCI to our long-hold portfolio.  With a 20 year trading history the business has been able to deliver consistent financial performance regardless of external economic conditions.

The broad range of services offered and clients they currently deal with provides a strong basis for future business development opportunities.”

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What’s Best for Your Startup? Accountant Online Explains Digital Vs Traditional Banks in Ireland

Every business needs a bank account and there are an abundance of options available in Ireland.

However, the landscape is evolving with the introduction of digital banks like Revolut and N26 into the market. What is the best bank account for your business?

“Over the past few months we’re seeing an increase in clients who are moving away from  traditional banks like AIB and BOI for business banking, instead about 25% of our new business clients are choosing to deal with such new digital banks,like Revolut, especially since the introduction of Revolut’s Irish IBAN.” – Christina McGreevy, Client Services Manager, Accountant Online.
“Our clients are referencing the ease of use, integration with pre-existing software and the minimal, if any, fees these digital banks offer when compared to the traditional banks operating in the Irish market. ”
The company formation services specialists at Accountant Online have compiled some information about how to choose the best bank account for your start-up and explain the differences between Digital and Traditional Banks ;
“Before choosing a bank to deal with you’ve got to ask the following questions ;
  • How much are the fees – 
  • Do they offer direct debit mandates – 
  • Is there a long application process? 
  • Are there any incentives/supports for startups? 
  • Are there any restrictions or limits on the account? 
  • Is there a banking app? 
Fees are hugely important, if you’re a new business just finding your feet you will ideally want to minimise expenses – If you’re paying large fees on every transaction you make it can really effect your bottom line.”
Bank Accounts Explained ; Digital V Traditional
There is most definitely an ongoing battle between digital and traditional business banks in Ireland, the team at Accountant Online have focused on two of the major players, Revolut (Digital) andAIB (Traditional).
DIGITAL – Revolut Business Account
Revolut is hugely popular in Ireland and now offer Irish IBANs, making it an attractive option for businesses across the country. This is a fully digital account and is incredibly useful for businesses who may be making and receiving payments in different currencies.

Key Points –
The Fees – Revolut offer a few variants of their business accounts, the free account incurs no feesbut limits you to only 5 free local transfers per month. Their ‘Business Grow’ tier is €25 p/m which allows unlimited team members, 100 free local transfers and allows you to exchange up to €10’000 p/m into more than 25 currencies at the real rate.There are various tiers on offer from Revolut that can scale up or down depending on your needs.

Prepaid Business Cards – Employees can be given physical or virtual prepaid business cards that are directly linked to your companies main account, these can then be tracked, limited and have expenses approved all in real time.

Multi Currency Accounts – Revolut allows you to deal with up to24 different currencies with no added fees.

Revolut Connect – Transactions can besynced in real time to accounting platforms like FreeAgent and Xero, cutting time spent on admin.

Send Invoices – Invoices can be created and sent from with Revolut’s mobile or web apps.

Open API – Revolut utilises an open API, which basically allows you to merge your Revolut business account with your pre-existing software and process, this can then allow you toautomate your payment processes.

Discounts, Perks & Rewards – Revolut has a number of ‘Business Partners’ like Google Adwords and Apple that offer various discounts for business accounts.

Revolut Pro – Special mention to Revolut Pro, it’s the ideal option for freelancers, the self employed and those working as part of the gig economy. This package offers 1% cashback, a dedicated IBAN, multi-currency payment acceptance, invoice templates and payment links. This is coupled with no monthly fees and no balance/deposit requirements.

How do I Open an Account?
“Opening an account with Revolut is simple as you can do the entire process online and accounts are usually approved within a few hours. You just need to provide them with a brief synopsis of what your business does and a photo ID. If you’re opening a corporate account you’ll have to supply Revolut with your incorporation number and company name.”
“Revolut’s overall offering is quite strong with an incredibly enticing pricing structure. It’s important to note they also offer a Subscription Management Facility which allows you to organise monthly payments from clients and other subscribers.

TRADITIONAL – AIB Startup Package
One of the most popular traditional banking options, the AIB Startup Account is available to any businesses that have been in operation for less than 3 years.

No Transaction or Maintenance Fees  – Two years with no transaction or account maintenance fees. However, this excludes cash handling fees. Cash handling fees up to a maximum discount of €100 per fee quarter.

Debit Cards – AIB allows you to withdraw up to €600 a day from an ATM with their business debit cards,the money leaves your account in real time also. You’re limited to 10 cards per company.

Business Support for Women Entrepreneurs – AIB run an excellent business masterclass for female entrepreneurs, ideally suited to business owners who have been active for 18 months or longer.

AIB’s Merchant Services – Access is granted to AIB’s Merchant Services for payments in store, online or even over the phone so you can find a payment solution suited to your business.

Online Services for Small Businesses –
 AIB have an online service specifically tailored to small businesses, there are also options for medium to large sized businesses.

Brexit Support – AIB are also offering Brexit support to all of their clients, includes support calls with specialist Brexit advisors.

How do I Open an Account?
“When it comes to opening an account with AIB, it’s a bit more involved – The director of the company and one other person who is authorised to sign transactions on company accounts must meet with the bank in a physical branch. Then, you are required to print and sign a document listing the terms and conditions of the agreed package, two company directors or one director and a company secretary are required to sign these forms.”

Digital V Traditional – What’s Best? 

“As you can see, the traditional banks in Ireland are lagging behind somewhat when it comes to convenience. Setting up a bank account with AIB is a very involved process, whereas you can get up and running with Revolut from the comfort of your own office.
The ability to easily create subscription payments is another massive advantage digital banks have over the traditional players – Revolut allows you to setup recurring monthly payments with little fuss, whereas organising a direct debit with AIB can be fairly restrictive.
More and more of our clients are moving away from traditional banking in favour of these digital banks, purely because of the ease involved.”