Are you your own financial adviser?

Writing on IFAonline.co.uk, US-based adviser Michael Kitces said if planners truly believe they add value to clients, "we should put our money where our mouths are" and hire a planner for themselves. He writes: "Most have heard the quip ‘A man who is his own lawyer has a fool for a client'. Will there be a day when we say the same thing about financial planners, too?" His remarks sparked a debate on IFAonline.co.uk, with most advisers disagreeing with Kitces. IFA Marcus Chapman said: "Are you suggesting that builders should employer another builder to do work on their home?" So,...