Further debate about fees versus commission remuneration still rages on, as new comments from one intermediary suggest advisers should look to become wealth managers rather than IFAs.
Mark Robinson, managing three wealth management firms – as chairman of Wealth Management (UK), chairman of Templar Knights and managing director of DeMontfort Chase, in Evesham, Worcestershire – says the industry has changed, but the IFA market and FSA have yet to catch up. ”We here at Templar Knights Ltd seem to have left the majority behind. The FSA and most IFAs still have not grasped what the job is all about. ”Wealth Management is about three principals: creation maximisation preservation ”These three principals relate to complete generic planning and it sometimes follows ...
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