The advice gap has been a popular topic since the Retail Distribution Review, but hasn't this gap always existed?
The gap is perhaps getting wider for a variety of reasons, some of which the adviser community can do something about, and some they cannot. My adviser retired in February of last year and I have been 'adviser-less' since. The reality is not that I do not want to pay fees, but that I have had no financial planning needs that require an adviser. If I did I would happily pay the fees. I am probably like many ex-clients of adviser firms – I was happy with the service I was getting when I needed active advice, but I do not have sufficient assets or needs to warrant an annual review tha...
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