'Build a wall' between investment and planning - Mark Polson

Regulated v unregulated

Tom Ellis
clock • 1 min read

Adviser businesses that intend to keep running client money alongside offering advice should consider building 'a proper wall' between the two disciplines, according to Mark Polson.

In a white paper, published in association with Standard Life, the lang cat principal, who expects to see firms professionalise the investment side of their businesses, has argued running client money and financial planning "don't have all that much to do with one another". He predicted: "We will see carve-outs - some firms have already set up separate entities to do with investment management portfolios, and that makes sense to me. And, alongside that, those firms will push towards discretionary permissions because the admin load is just less if you are a discretionary manager." Grah...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Investors move from cash to US equities as confidence improves

Investors move from cash to US equities as confidence improves

Investment Association figures show

clock 05 June 2026 • 3 min read
The active funds beating the MSCI World for the past decade

The active funds beating the MSCI World for the past decade

'The next decade could be very different'

Darius McDermott
clock 04 June 2026 • 5 min read
Commodity allocations in a volatile landscape

Commodity allocations in a volatile landscape

'Currency dynamics are also becoming more significant'

Rob Gleeson
clock 03 June 2026 • 4 min read