Chris Jones: How advice firms can grow profits in a high inflation world

Keep on truckin’ – or take a different road?

clock • 6 min read

In a world of higher inflation, if an advice business wants to maintain and grow its profits it may find it more effective to control its costs and increase the number of clients it can serve, writes Chris Jones

"We got a little ol' convoy, ain't she a beautiful sight?" sang CW McCall in the theme song to the 1975 movie Convoy. And indeed, given the current shortage of lorry drivers and the general supply chain crisis, spotting any convoy of heavy goods vehicles is probably still something to be celebrated. Christmas is saved. But labour and supply shortages have a knock-on effect. When you read reports of HGV drivers getting 40% pay rises, you know inflation is the topic of the day. The expected returns in our asset risk model are inherently real. This is partly because investing is defer...

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