Describing the Financial Services Authority (FSA's) emphasis on exam taking as an "insult", one adviser of 45 years has stopped advising and is now offering financial training instead.
Grosvenor Chaundy, who had worked as a IFA and director of Berkshire-based Grosvenor Financial Services until the Retail Distribution Review (RDR) switchover, now offers his bank of regular clients financial training at £250 per day. The courses are one-to-one and last for one or two days. Chaundy aims to help clients construct a portfolio and manage their risk profile in terms of asset allocations. He trains them to understand financial products, offers tips on how to use analysis packages, computer tools and execution-only sites, but takes no remuneration from the sites. Chaund...
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