Turmoil exposes poor investment IFAs - Brown Shipley

Investment IFAs now face a “watershed moment” in their profession, Botham says, and must decide whether they are still best placed to do fund selection. Botham says he has met a few advisers “haemorrhaging client cash” during the recent turmoil. He believes advisers, particularly those in smaller firms with fewer resources, should consider outsourcing if they no longer feel best placed to make investment decisions. “The effect of this market collapse has divided the advisers making investment decisions. It has separated those who can, and those who can’t,” he says. “There are a lot ...