Fees across the whole value chain of advice could amount to as little as 1.2% in five years' time, predicts Nucleus chief executive and founder David Ferguson.
He and his colleagues at Nucleus have a working hypothesis that end-clients are currently charged an average of 1.8% across the full value chain but he expects this to drop by around a third in the coming years. Ferguson is the latest Adviser Champion to appear in Professional Adviser's new series of videos, following our interviews with PA's current Adviser Personality of the Year Vito Faircloth, Panacea Adviser's Derek Bradley and SIFA's Ian Muirhead. Ferguson goes on to suggest it is good the financial services sector is focusing more on client outcomes, arguing this is the most ap...
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