Should we be bemoaning the ‘exodus of London’s millionaires’? Millionairedom, of course, is...
Tag archive for: financial advice
“Average ongoing advice fees rise by 9bps”
The Law of Unintended Consequences strikes again. A couple of years ago our regulator introduced...
“Morningstar: Only 14.2% of active managers beat passives over the past decade”
For reasons made obvious by this headline, a majority of advisers, particularly those with...
“‘Feeling of relief’: advisers react to FCA’s ongoing advice findings”
You may disagree, other opinions are available and so on. But our regulator has decided that we’re...
“‘Clear trend’ of smaller IFAs exiting the market”
As rehearsed many times on these pages, the average age of the financial adviser population is...
“Fewer than one quarter of advisers’ clients are under 45”
Thirty or more years ago, the opposite was the case, and a majority of clients were, if not under...
“FCA to tear down regulatory barriers in response to government growth calls”
If those ‘regulatory barriers’ can be so easily torn down, it begs the question, why were they...
“Majority of IFAs have no plans to use AI in their practices”
I remember sometime in the 90’s, attending a presentation by a successful adviser providing...
“Advice firms only spend 35% of time on client meetings”
So what should we be doing with our time? Ask any adviser what they enjoy most about what they do...
“AI expected to impact advisers more than regulation or ESG”
I had my own AI epiphany this week. Just before a Zoom meeting, I clicked on a button at the...
“‘AI could mean advisers can take on 500 clients'”
The ‘optimum’ number of clients which an adviser can effectively look after is much discussed at...
“Industry reacts as FCA probes 20 social media influencers”
‘Influencers’ are a big thing these days. Build yourself a following on social meed-ja (or be a...
“FCA: ‘We’re not against small firms’”
We’ve always been a small firm, even when we thought we were big, as the official classification...
“Is time up for the self-employed adviser?”
The enduring business model in the world of financial advice has been that of firms, both large...
“FCA fines PwC £15mn for failing to disclose suspected fraud at LCF”
The collapse of London Capital reflects badly on the whole of financial services and particularly...