Six barriers to advice for all — and how IFAs can overcome them

'The adviser community has to be the master of its own fate'

clock • 4 min read

Andrew Goodwin lists what he sees as the six barriers to financial advice for all - and shares how IFAs can overcome them...

Ask people what their biggest worry is, particularly today, and money will probably top the list. Work will be up there as well because work and money are inextricably linked. Health will get a few shouts, but it's likely to be some way down the pecking order.  This underlines a thoroughly bizarre disconnect in how a lot of individuals think about their finances. The chances are that money is their number-one concern in life, but what do they actually do about it?  By way of illustration, imagine a first-time buyer moves into his new home. He's in perfect health, he earns an average w...

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

Aveni forms AI advisory board with wealth management leaders

Aveni forms AI advisory board with wealth management leaders

Senior execs from Aviva’s Succession Wealth, Schroders Personal Wealth, 7IM and Rathbones join forum

Sahar Nazir
clock 01 July 2025 • 2 min read
Majority of UK wealth management sector eyes acquisitions this year

Majority of UK wealth management sector eyes acquisitions this year

Continued appetite and momentum in M&A space

Isabel Baxter
clock 30 June 2025 • 3 min read
How can firms improve client engagement with wealth products?

How can firms improve client engagement with wealth products?

Consumer first focus; Simplifying prodcut information

James Wood
clock 30 June 2025 • 4 min read