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.
“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.
