This morning two regular twitterers from the financial adviser community discussed the merits - or otherwise - of basing an advisory business on the St James's Place model.
Threesixty managing director Phil Young posed the following question on Twitter this morning: "With platform tax wrappers, a centralised investment process, won't we all just be SJP without the cheese in future? Discuss." @IFABlogger, better known as Richard Bishop from Premier Practice Limited didn't think this was such a bad thing: "You mean we should try and be like #1? Knocking SJP is like saying BMW make OK cars!" @Philyoung360 replied: "I mean that the traditional reasons for knocking them seem to be less talked about." IFABlogger said: "All new model advisers...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes