The FCA have said they want more big and less small firms of advisers. All the talk in our business is of ‘consolidation’, big fish buying up tiddler, retiring IFAs. For we remaining smallish firms, this provides a steady flow of new clients. Surprisingly, those used to dealing with someone they’ve come to know, offering a personal, local service aren’t always enamoured with the corporate approach. Good news for those of us who can hang on until regulatory policy once again goes full circle.
“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.
