I regularly trawl through competitors websites to make sure we’re still ahead of, or at least keeping up with the game. More are actually stating how much they charge, but that’s gone from 2 to 3 in 10, to not a major step forward. Most of those still have a pretty complicated menu with differing charges for differing levels of service and complication of circumstances (ie can we just invest your money or is there a bit more to it); which even I (or, not surprisingly I) found a tad confusing. I still think it’s better to keep it simple, knowing that won’t be for everyone. But, hey, answers on a postcard, please…
“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.
