Advisory firms must wrest back control of their clients' assets from fund houses and insurance companies or risk "perpetuating the crime" of devaluing the distribution chain, Succession CEO Simon Chamberlain says.
He said that for years distributors have passed control of their clients’ money to asset managers, boosting their AUM and stock market value while diminishing their own. However, he said the emergence...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till