Practice what you preach: why you should follow your own advice

Discount brokers and financial advisory businesses are both involved in the important job of helping consumers access much-needed savings and investment products. Yet there is a fundamental difference – IFAs provide a value-added service; they advise clients, whereas discount brokers are execution-only operations, offering lower fees and charges for what some might describe as a no-frills service. Which approach best suits a particular individual is a case of horses for courses. Some people feel they are knowledgeable enough to make their own decisions about their finances. Others,...