IFP Conference: 'Profession' requires a new business model

clock

Turning the financial service industry into a profession will require intermediaries to change their business models and practices, say financial planners, as tomorrow's clients are likely to be more demanding and have a stronger idea of what they want out of life.

That’s the message emanating from today’s Institute of Financial Planning’s Forum For Success conference, being held in Hinckley, Leicestershire, as speakers say planners have to look beyond the production of financial reports and product selection to deliver client expectations for their own lives. Barry Horner, practitioner at Paradigm Norton Financial Planning, suggests the reputation of the sector is unlikely to eventually carry the same public image as the accountancy and legal professions unless business models change and intermediaries present a more ethical focus to the advice de...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Andrew Goodwin: It's time for advisers to think differently about innovation

Andrew Goodwin: It's time for advisers to think differently about innovation

'Ours is still a profession that rightly places enormous emphasis on the human touch, relationships and trust'

Andrew Goodwin
clock 04 July 2025 • 4 min read
Altus' Holford urges advisers to reframe concept of advice gap

Altus' Holford urges advisers to reframe concept of advice gap

Traditional models of value, service and delivery are being challenged

Sahar Nazir
clock 04 July 2025 • 2 min read
PA Asks: Do you keep in touch with clients when on holiday?

PA Asks: Do you keep in touch with clients when on holiday?

Plus, targeted support worries and BDMs

Professional Adviser
clock 04 July 2025 • 1 min read