Simmering debate about whether a financial planner offers better value to clients than a financial adviser "is completely misleading and sterile", according to threesixty head of business consultancy Phil Billingham.
Billingham said there had been a "real elitist charge" - both by those calling themselves planners and those who prefer ‘adviser' - which had been of little use to consumers or the wider financial services industry. His remarks come ahead of a meeting of international representatives of the Financial Planning Standard Board (FPSB) on Friday, who will discuss ways to encourage regulators to recognise financial planning as a standalone profession. "Some of the debate in the past about planners being better than advisers is completely misleading and sterile," said Billingham, who will re...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
