In my view, the ‘for some’ is the key. For many years, financial advisers were indeed tarred with the hard-sell brush, from the days when, to earn a crust, we had to persuade potential clients to sign up for something they needed but didn’t want. Like a pension, savings plan or life insurance. I do believe we’ve moved on and that, to protect the consumer and ‘encourage greater levels of savings’ the world of finance has become so complex that at some stage most realise that they need an expert, or at least someone slightly more expert than them, to sort out their financial past, present and future. If that supposed stigma is stopping new entrants to our much needed profession, it’s up to us to spread the word, I’m afraid. And by the way, we need more doctors, too.
“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 helpful hints to an audience of wannabes, young and old.
