“Untangling the true cost of financial advice”

Nov 21, 2019 | Financial Services

In the process of ‘freshening up’ our website, I looked at those of a selection of other advisers, both local and national. Only around 20% show their charges, and many are so complex, trying to be all things to all men, that their ’visibility’ doesn’t help much. Ours, for better or worse, are very straightforward. If anyone wants fixed fees or an hourly rate we have to tell them to go elsewhere; and some think we’re too expensive. But we’re mostly better than most. I’d say.

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“Advisers fearful of further compliance and regulation”

“Advisers fearful of further compliance and regulation”

We know, of course we know, that regulation is, or at least should be a ‘good thing’. If those who need or should seek advice can be confident that they’ll be told the right thing, that someone has looked at those ’too good to be true’ investments before they’re allowed to take your money; or, in the case of a Woodford, while they’re raking it in to make sure it’s going where it’s supposed to.