Independent tag will 'wither on the vine' - Mattioli Woods

Mattioli Woods director Murray Smith has argued that the independent tag is now meaningless and explained that the firm has only retained the label to "hedge its bets" until the market settles down. The pension and wealth management company currently offers both 'independent' and 'restricted' propositions across its range of services.   Smith said: "It is widely understood now that it is almost impossible to be independent in some markets and that most 'independent' advisers are actually working in a 'restricted' manner.  "Although it is relatively easy to remain independent in emp...