I learned this week that 80% of financial advisers charge more than us. To put it another way, less than 20% of us are charging our clients 0.5% or less of the value of their investments as an annual fee. I would say this wouldn’t I, but I do think we’re better than an awful lot of the more expensive firms, So one plan might be, in the face of increasing salaries, regulatory and professional indemnity fees and other costs, to up our charges. The other is to accept (and encourage our clients to accept) that we can’t go and see them in person every year and can still look after them and their best interests in other ways and with the help of a much brighter, younger generation. So while others are giving up and selling out, we’re (to quote The Three Degrees, kids etc.), giving up giving in. And will be carrying on, as you’ll hear, in a slightly different, hybrid way.
“Central London office take-up second highest in Europe”
For all the talk of a ‘working from home’ revolution, it seems there’s just as much demand for office space in London and the City as ever, borne out by a very unscientific drive-by survey on my last visit to The Smoke.
