A GROUP of property companies has called for better training on property for IFAs amid fears they are ill-equipped to advise on this increasingly popular asset class.
Assetz said the financial services sector was “crying out” for a property-related qualification to enable advisers to give good quality advice to investors. The organisation is made up of a group of well-known property investment companies and provides education as well as designing property investment funds. It is concerned the array of organisations such as the Personal Finance Society (PFS) did not run any detailed training on property investing. Stuart Law, chief executive of Assetz, said property was a misunderstood asset class because, unlike stocks and shares, it was based u...
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