Advice firms with 'deep pockets' can expect to prosper

Advice firms must invest to build an efficient business

Sahar Nazir
clock • 1 min read

Advice firms with ‘deep pockets’ can expect to deliver good outcomes for their clients, according to Benchmark.

Managing director Tim Sargisson has warned firms not to shy away from spending money, particularly as it could assist in scaling their business and build efficiency. "Firms with deep pockets can build an efficient business which requires technology, good systems, and processes," Sargisson told Professional Adviser. "These things are not cheap." Sargisson, who was recently appointed to Schroders-owned Benchmark, said Schroders has a "real commitment" to good client outcomes and provides support to everyone in the business. "The only way that firms can build a business at scale is to...

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 Your profession

Feel Good Friday: Personal Finance Awards winners named

Feel Good Friday: Personal Finance Awards winners named

Awards ceremony took place yesterday

Professional Adviser
clock 23 October 2026 • 1 min read
CII and PFS celebrate more than 300 chartered graduates

CII and PFS celebrate more than 300 chartered graduates

347 graduate from CII and PFS

Sophia Panayi
clock 21 October 2026 • 2 min read
True Potential Wealth Management CEO calls for 'clear set of decisions' in upcoming Budget

True Potential Wealth Management CEO calls for 'clear set of decisions' in upcoming Budget

Short-term policy decisions ‘disturb’ advice landscape

Sophia Panayi
clock 20 October 2026 • 2 min read