Young people most likely to have a financial adviser? That goes against the experience of most of us. Our ‘average’ client is 60. Is that because like attracts like? Don’t think so, as the average age of financial advisers is 58, so I’m intrigued to know who’s advising these 18-34 year olds, what advice they’re being given and how much they’re paying for it. And does the internet, where most of us now go for medical advice (‘the doctor can ‘phone you between 3 and 5pm sometime in the New Year, if that’s OK?), count?
“Letter of authority: Why now is the right time for change”
This may sound like a non-issue from outside the world-of-financial-advice bubble. It is the bain, however, of the daily working lives of many of us, particularly of those paid by we advisers to do the dirty work of dealing with the many providers with whom we have to work.