As the industry continues to evolve, simply reacting to events is not an option, says Brett Davidson of FP Advance. Advisers need to take control of their businesses and design the future
"I see three types of adviser in the UK. First up are committed financial planners - people who want to provide holistic fee-based cashflow planning. I reckon they are significantly less than 5% of the adviser population so, if you are one, you are in rarefied air. The next group I'll call mixed best-of-breed advisers. They want to provide advice on a "client-driven" basis - sometimes it is fee-based and holistic and sometimes it is not. Many of these aspire to move up to the first category - and they will - while others will stay in this middle sector and provide a great service based on ...
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