I was recently involved in a very long Twitter discussion/debate on the merits of advisers charging for the first meeting with a client. I guess what really got me engaged was disagreeing with Gillian Cardy on the
I started scribbling this piece before I saw Phil Bray’s excellent and balanced argument. Indeed, I thought of binning it wondering if there is much to add. Unsurprisingly, I cannot resist adding my views.
Ours is a wonderful industry for using terminology that confuses the professionals let alone the customers. You know what I mean, basis points instead of per centages, asset managers instead of fund managers and
I love this piece. True in all respects. When I look at the angry comments at the bottom of articles, especially around regulation from anonymous correspondents I always wonder what clients would think. I cannot
This morning, I read an excellent piece in NMA where Alan Higham said that MAS needs to carry out an independent audit of the advisers listed on its planned retirement advice directory. Whether it is an audit or
Glad you agree with sentiment.
Re outsourcing, our last research showed that one third never outsource, one third sometimes outsource i.e. outsource part of proposition or one or more segments, and one
I am not an adviser; I do not want to be an adviser; quite frankly, I haven’t got the balls to be an adviser. Pre-FSA 1986, I ran a nicely profitable consultancy, largely in group pensions with some individual
Can you clarify what you mean by ‘me and my mates? I can assure you that I do have a pretty workable understanding of government and corporate bonds.
All experts agree that there is a capital risk here
There are many good IFA firms. Some are not so good. Yet, there is a solidarity in adviser world that results in any criticism being trashed as wrong, biased, provider based etc, etc. Criticism is good and right.
The forecast demise of the small IFA has been in the news again recently. A one-man IFA, prominent in the blogs and letters pages, recently wrote, “Many people in my position have been in the business for many
Dennis, how we missed you at the launch! Of course, it is impossible to encapsulate 70 odd pages into a single article. You are quite right that the true measure is fee income, not advisers. Thus, an adviser
When we published our recent paper, ‘No small change’, we generated some bizarre reaction in parts of adviser world. One anonymous commentator implied very foul language, indicated that disagreeing with him would