Richard Bertin: Should advisers take lessons from the lawyers?

'Remuneration is anchored to assets'

clock • 4 min read

Richard Bertin outlines what advisers can learn from the legal and accountancy professions. He also argues against the “one fee for all services” advice business model...

In a previous article, I talked about what might be needed to move from an industry to a profession. In the intervening weeks, there has been a torrent of market news. Whether it was from the FCA talking about the cost of advice, or independent reports about the advice gap driving salaries up, to the potential collapse of thousands of advisory firms, as part of the Covid fallout. There seems little shortage of newsworthy items, so perhaps logical to continue along the theme from my first article. My career has taken me from professional practice as Chartered accountant to IFA, to p...

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